NCLT Bengaluru Approves Merger of Amazon Transportation Services Into Amazon Seller Services

The National Company Law Tribunal’s Bengaluru bench allowed the merger of Amazon Transportation Services Pvt Ltd (ATSPL) into Amazon Seller Services Pvt Ltd (ASSPL) under a scheme of amalgamation.

Under the approved arrangement, ASSPL will issue 38 equity shares for every 10 fully paid-up equity shares held in ATSPL. Upon the merger taking effect, ATSPL will stand dissolved without winding up, with all its assets, liabilities, and pending legal proceedings vesting in ASSPL.

The Tribunal made it clear that the approval does not offer exemption from payment of stamp duty, taxes or other statutory charges.

It also directed that ATSPL employees be transferred to ASSPL with continuity of service and without loss of existing benefits.