Companies Act 2014 section 464

Merger may not be put into effect save in accordance with the relevant provisions of this Act

Section 464 specifies the procedures that must be followed in order to put a merger into effect, and confirms that no merger can proceed without any required external approvals.

• A merger must be carried out either using the Summary Approval Procedure together with the relevant chapter rules, or, where that procedure is not used, in accordance with the other specific provisions of the chapter.
• As an alternative to proceeding under this chapter, companies may instead use the Chapter 1 scheme of arrangement route to achieve the same or a similar result.
• References to a merger taking effect under this chapter include cases where the Summary Approval Procedure has been employed alongside the chapter's provisions.
• No merger (or similar operation under Chapter 1) can take effect without any approval, authorisation, or consent required by another enactment or EU act.

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