Our small business in Mumbai is looking to take over another firm based in Chennai. We’re excited to rebrand and open a new bank account here in Mumbai. What are the steps involved in this process, and what paperwork do we need to gather?

You’ll need to file a merger application with the Registrar of Companies in Mumbai, accompanied by a share purchase agreement, board resolutions, audited financial statements of both companies, and other relevant documents. Post-merger, you’ll need to register the new entity with the relevant authorities in Mumbai and open a new bank account.