Guided by Section 230 – 231 of the Companies Act, 2013, Compromise in the corporate sector is a scheme of give and take in a commercial dispute. The situation of compromise comes to exist only if there is some dispute. It can be either between two or more corporate entities or with third parties. Unless there is some dispute no compromise is required.
To be fair and reasonable a business enterprise has to compromise some of its rights, accommodation or its benefits in a deal of arrangement or compromise. Parties to come to a common understanding have to open up the disputed matter within a compromise or arrangement deal negotiating fulfilment of needs of both parties.
An arrangement is made, where a company requires changes in its capital structure or some reorganization in the share capital of the company is to be done with the approval of the shareholders without existence of any dispute.
MN & Associates deals and mediates all types of compromise and arrangement services. We assure our clients, spend their crucial time in successful planning of their businesses, reliving them out of hassles of legal compliances involved in compromise and arrangements. We have in-house professionals to deal with all types of compromise situations. We strive to keep business all rounded on each and every step of the process from start to finish.