{"id":62342,"date":"2023-12-01T09:11:59","date_gmt":"2023-12-01T00:11:59","guid":{"rendered":"https:\/\/monolith.law\/hi\/?p=62342"},"modified":"2023-12-12T14:17:40","modified_gmt":"2023-12-12T05:17:40","slug":"share-transfer-ma","status":"publish","type":"post","link":"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma","title":{"rendered":"M&amp;A \u0915\u0947 \u0926\u094c\u0930\u093e\u0928 \u0938\u092c\u0938\u0947 \u0906\u0938\u093e\u0928 \u092f\u094b\u091c\u0928\u093e '\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930' \u0915\u0947 \u0932\u093e\u092d \u0914\u0930 \u0905\u0928\u0941\u092c\u0902\u0927 \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e"},"content":{"rendered":"\n<p>M&amp;A \u092e\u0947\u0902, \u0915\u0902\u092a\u0928\u0940 \u0935\u093f\u092d\u093e\u091c\u0928, \u0935\u093f\u0932\u092f, \u0936\u0947\u092f\u0930 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0906\u0926\u093f \u0935\u093f\u092d\u093f\u0928\u094d\u0928 \u092f\u094b\u091c\u0928\u093e\u090f\u0902 \u0939\u094b\u0924\u0940 \u0939\u0948\u0902\u0964 \u0907\u0938 \u0932\u0947\u0916 \u092e\u0947\u0902, \u0939\u092e \u0926\u0947\u0936 \u0915\u0947 M&amp;A \u092e\u0947\u0902 \u092c\u0921\u093c\u0947 \u0939\u093f\u0938\u094d\u0938\u0947 \u0915\u0940 \u092f\u094b\u091c\u0928\u093e &#8216;\u0936\u0947\u092f\u0930 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923&#8217; \u0915\u0947 \u092c\u093e\u0930\u0947 \u092e\u0947\u0902, \u0907\u0938\u0915\u0947 \u092b\u093e\u092f\u0926\u0947 \u0914\u0930 \u0928\u0941\u0915\u0938\u093e\u0928 \u0938\u0939\u093f\u0924 \u0935\u093f\u0935\u0930\u0923 \u0926\u0947\u0902\u0917\u0947\u0964<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/ma-lawyer-basic-agreement\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/ma-lawyer-basic-agreement[ja]<\/a><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%95%E0%A5%8D%E0%A4%AF%E0%A4%BE_%E0%A4%B9%E0%A5%88\" title=\"\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u094d\u092f\u093e \u0939\u0948\">\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u094d\u092f\u093e \u0939\u0948<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%B8%E0%A5%8D%E0%A4%A5%E0%A4%BE%E0%A4%A8%E0%A4%BE%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%A3_%E0%A4%95%E0%A5%80_%E0%A4%B5%E0%A4%BF%E0%A4%A7%E0%A4%BF\" title=\"\u0936\u0947\u092f\u0930 \u0938\u094d\u0925\u093e\u0928\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u0935\u093f\u0927\u093f\">\u0936\u0947\u092f\u0930 \u0938\u094d\u0925\u093e\u0928\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u0935\u093f\u0927\u093f<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9C%E0%A4%A8%E0%A4%B8%E0%A4%BE%E0%A4%AE%E0%A4%BE%E0%A4%A8%E0%A5%8D%E0%A4%AF_%E0%A4%96%E0%A4%B0%E0%A5%80%E0%A4%A6%E0%A4%BE%E0%A4%B0%E0%A5%80_TOB\" title=\"\u0936\u0947\u092f\u0930 \u091c\u0928\u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0916\u0930\u0940\u0926\u093e\u0930\u0940 (TOB)\">\u0936\u0947\u092f\u0930 \u091c\u0928\u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0916\u0930\u0940\u0926\u093e\u0930\u0940 (TOB)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%AC%E0%A4%BE%E0%A4%9C%E0%A4%BE%E0%A4%B0_%E0%A4%96%E0%A4%B0%E0%A5%80%E0%A4%A6%E0%A4%BE%E0%A4%B0%E0%A5%80\" title=\"\u092c\u093e\u091c\u093e\u0930 \u0916\u0930\u0940\u0926\u093e\u0930\u0940\">\u092c\u093e\u091c\u093e\u0930 \u0916\u0930\u0940\u0926\u093e\u0930\u0940<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B8%E0%A4%BE%E0%A4%AA%E0%A5%87%E0%A4%95%E0%A5%8D%E0%A4%B7_%E0%A4%B2%E0%A5%87%E0%A4%A8-%E0%A4%A6%E0%A5%87%E0%A4%A8\" title=\"\u0938\u093e\u092a\u0947\u0915\u094d\u0937 \u0932\u0947\u0928-\u0926\u0947\u0928\">\u0938\u093e\u092a\u0947\u0915\u094d\u0937 \u0932\u0947\u0928-\u0926\u0947\u0928<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%95%E0%A5%87_%E0%A4%B2%E0%A4%BE%E0%A4%AD\" title=\"\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0947 \u0932\u093e\u092d\">\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0947 \u0932\u093e\u092d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%B8%E0%A5%8D%E0%A4%A5%E0%A4%BE%E0%A4%A8%E0%A4%BE%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%A3_%E0%A4%95%E0%A5%80_%E0%A4%A8%E0%A5%81%E0%A4%95%E0%A4%B8%E0%A4%BE%E0%A4%A8\" title=\"\u0936\u0947\u092f\u0930 \u0938\u094d\u0925\u093e\u0928\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u0928\u0941\u0915\u0938\u093e\u0928\">\u0936\u0947\u092f\u0930 \u0938\u094d\u0925\u093e\u0928\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u0928\u0941\u0915\u0938\u093e\u0928<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0%E0%A5%8D%E0%A4%B8_%E0%A4%95%E0%A5%87_%E0%A4%B9%E0%A4%B8%E0%A5%8D%E0%A4%A4%E0%A4%BE%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%A3_%E0%A4%B8%E0%A5%87_%E0%A4%AA%E0%A4%B9%E0%A4%B2%E0%A5%87_%E0%A4%95%E0%A5%80_%E0%A4%9C%E0%A4%BE%E0%A4%82%E0%A4%9A\" title=\"\u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0938\u0947 \u092a\u0939\u0932\u0947 \u0915\u0940 \u091c\u093e\u0902\u091a\">\u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0938\u0947 \u092a\u0939\u0932\u0947 \u0915\u0940 \u091c\u093e\u0902\u091a<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%95%E0%A5%8D%E0%A4%AF%E0%A4%BE_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%B8%E0%A4%B0%E0%A5%8D%E0%A4%9F%E0%A4%BF%E0%A4%AB%E0%A4%BF%E0%A4%95%E0%A5%87%E0%A4%9F_%E0%A4%9C%E0%A4%BE%E0%A4%B0%E0%A5%80_%E0%A4%95%E0%A4%BF%E0%A4%AF%E0%A4%BE_%E0%A4%97%E0%A4%AF%E0%A4%BE_%E0%A4%B9%E0%A5%88\" title=\"\u0915\u094d\u092f\u093e \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u091c\u093e\u0930\u0940 \u0915\u093f\u092f\u093e \u0917\u092f\u093e \u0939\u0948\">\u0915\u094d\u092f\u093e \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u091c\u093e\u0930\u0940 \u0915\u093f\u092f\u093e \u0917\u092f\u093e \u0939\u0948<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%95%E0%A5%8D%E0%A4%AF%E0%A4%BE_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0%E0%A5%8D%E0%A4%B8_%E0%A4%95%E0%A5%87_%E0%A4%B9%E0%A4%B8%E0%A5%8D%E0%A4%A4%E0%A4%BE%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%A3_%E0%A4%AA%E0%A4%B0_%E0%A4%95%E0%A5%8B%E0%A4%88_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A4%E0%A4%BF%E0%A4%AC%E0%A4%82%E0%A4%A7_%E0%A4%B9%E0%A5%88\" title=\"\u0915\u094d\u092f\u093e \u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u092a\u0930 \u0915\u094b\u0908 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u0948\">\u0915\u094d\u092f\u093e \u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u092a\u0930 \u0915\u094b\u0908 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u0948<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%95%E0%A5%80_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%95%E0%A5%8D%E0%A4%B0%E0%A4%BF%E0%A4%AF%E0%A4%BE\" title=\"\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0940 \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e\">\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0940 \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%9C%E0%A4%AC_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%AA%E0%A4%B0_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A4%E0%A4%BF%E0%A4%AC%E0%A4%82%E0%A4%A7_%E0%A4%B9%E0%A5%8B_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%85%E0%A4%A8%E0%A5%81%E0%A4%AE%E0%A5%8B%E0%A4%A6%E0%A4%A8_%E0%A4%85%E0%A4%A8%E0%A5%81%E0%A4%B0%E0%A5%8B%E0%A4%A7\" title=\"(\u091c\u092c \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u0930 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u094b) \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u0905\u0928\u0941\u0930\u094b\u0927\">(\u091c\u092c \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u0930 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u094b) \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u0905\u0928\u0941\u0930\u094b\u0927<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%9C%E0%A4%AC_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%AA%E0%A4%B0_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A4%E0%A4%BF%E0%A4%AC%E0%A4%82%E0%A4%A7_%E0%A4%B9%E0%A5%8B_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%85%E0%A4%A8%E0%A5%81%E0%A4%AE%E0%A5%8B%E0%A4%A6%E0%A4%A8\" title=\"(\u091c\u092c \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u0930 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u094b) \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928\">(\u091c\u092c \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u0930 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u094b) \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%85%E0%A4%A8%E0%A5%81%E0%A4%AC%E0%A4%82%E0%A4%A7_%E0%A4%95%E0%A4%BE_%E0%A4%B8%E0%A4%AE%E0%A4%BE%E0%A4%AA%E0%A4%A8\" title=\"\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092c\u0902\u0927 \u0915\u093e \u0938\u092e\u093e\u092a\u0928\">\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092c\u0902\u0927 \u0915\u093e \u0938\u092e\u093e\u092a\u0928<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0%E0%A4%B9%E0%A5%8B%E0%A4%B2%E0%A5%8D%E0%A4%A1%E0%A4%B0_%E0%A4%B0%E0%A4%9C%E0%A4%BF%E0%A4%B8%E0%A5%8D%E0%A4%9F%E0%A4%B0_%E0%A4%95%E0%A4%BE_%E0%A4%AA%E0%A5%81%E0%A4%A8%E0%A4%B0%E0%A5%8D%E0%A4%B2%E0%A5%87%E0%A4%96%E0%A4%A8\" title=\"\u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0930\u091c\u093f\u0938\u094d\u091f\u0930 \u0915\u093e \u092a\u0941\u0928\u0930\u094d\u0932\u0947\u0916\u0928\">\u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0930\u091c\u093f\u0938\u094d\u091f\u0930 \u0915\u093e \u092a\u0941\u0928\u0930\u094d\u0932\u0947\u0916\u0928<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/monolith.law\/hi\/general-corporate\/share-transfer-ma\/#%E0%A4%B8%E0%A4%BE%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B6\" title=\"\u0938\u093e\u0930\u093e\u0902\u0936\">\u0938\u093e\u0930\u093e\u0902\u0936<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%95%E0%A5%8D%E0%A4%AF%E0%A4%BE_%E0%A4%B9%E0%A5%88\"><\/span>\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u094d\u092f\u093e \u0939\u0948<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>M&amp;A \u092e\u0947\u0902 \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u093e \u092e\u0924\u0932\u092c \u0939\u0948 \u0915\u093f \u0932\u0915\u094d\u0937\u094d\u092f \u0915\u0902\u092a\u0928\u0940 \u0915\u0947 \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0905\u092a\u0928\u0947 \u0936\u0947\u092f\u0930\u094b\u0902 \u0915\u094b \u0916\u0930\u0940\u0926\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u0940 \u0915\u094b \u092c\u0947\u091a\u0915\u0930, \u092a\u094d\u0930\u092c\u0902\u0927\u0928 \u0905\u0927\u093f\u0915\u093e\u0930 \u0915\u094b \u0909\u0924\u094d\u0924\u0930\u093e\u0927\u093f\u0915\u093e\u0930\u0940 \u092c\u0928\u093e\u0924\u0947 \u0939\u0948\u0902\u0964 \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0947 \u092c\u0926\u0932\u0947 \u092e\u0947\u0902 \u0928\u0915\u0926 \u092a\u094d\u0930\u093e\u092a\u094d\u0924 \u0915\u0930 \u0938\u0915\u0924\u0947 \u0939\u0948\u0902\u0964 \u0905\u0928\u094d\u092f M&amp;A \u092f\u094b\u091c\u0928\u093e\u0913\u0902 \u0915\u0940 \u0924\u0941\u0932\u0928\u093e \u092e\u0947\u0902, \u0907\u0938 \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e \u0915\u093e \u0938\u0930\u0932 \u0939\u094b\u0928\u0947 \u0915\u0947 \u0915\u093e\u0930\u0923, \u0935\u093f\u0936\u0947\u0937 \u0930\u0942\u092a \u0938\u0947 \u091b\u094b\u091f\u0947 \u0914\u0930 \u092e\u0927\u094d\u092f\u092e \u0909\u0926\u094d\u092f\u092e\u094b\u0902 \u0915\u0947 M&amp;A \u092e\u0947\u0902 \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u093e \u091a\u092f\u0928 \u0915\u093f\u092f\u093e \u091c\u093e\u0924\u093e \u0939\u0948\u0964<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%B8%E0%A5%8D%E0%A4%A5%E0%A4%BE%E0%A4%A8%E0%A4%BE%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%A3_%E0%A4%95%E0%A5%80_%E0%A4%B5%E0%A4%BF%E0%A4%A7%E0%A4%BF\"><\/span>\u0936\u0947\u092f\u0930 \u0938\u094d\u0925\u093e\u0928\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u0935\u093f\u0927\u093f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u0936\u0947\u092f\u0930 \u0938\u094d\u0925\u093e\u0928\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u0935\u093f\u0927\u093f\u092f\u094b\u0902 \u092e\u0947\u0902 \u0924\u0940\u0928 \u092a\u094d\u0930\u092e\u0941\u0916 \u0924\u0930\u0940\u0915\u0947 \u0939\u094b\u0924\u0947 \u0939\u0948\u0902 &#8211; &#8216;\u091c\u0928\u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0916\u0930\u0940\u0926\u093e\u0930\u0940 (TOB)&#8217;, &#8216;\u092c\u093e\u091c\u093e\u0930 \u0916\u0930\u0940\u0926\u093e\u0930\u0940&#8217; \u0914\u0930 &#8216;\u0938\u093e\u092a\u0947\u0915\u094d\u0937 \u0932\u0947\u0928-\u0926\u0947\u0928&#8217;\u0964<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9C%E0%A4%A8%E0%A4%B8%E0%A4%BE%E0%A4%AE%E0%A4%BE%E0%A4%A8%E0%A5%8D%E0%A4%AF_%E0%A4%96%E0%A4%B0%E0%A5%80%E0%A4%A6%E0%A4%BE%E0%A4%B0%E0%A5%80_TOB\"><\/span>\u0936\u0947\u092f\u0930 \u091c\u0928\u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0916\u0930\u0940\u0926\u093e\u0930\u0940 (TOB)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0936\u0947\u092f\u0930 \u091c\u0928\u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0916\u0930\u0940\u0926\u093e\u0930\u0940, \u091c\u093f\u0938\u0947 TOB (Take-Over Bid) \u092d\u0940 \u0915\u0939\u093e \u091c\u093e\u0924\u093e \u0939\u0948, \u090f\u0915 \u0924\u0930\u0940\u0915\u093e \u0939\u0948 \u091c\u093f\u0938\u092e\u0947\u0902 \u0916\u0930\u0940\u0926\u093e\u0930\u0940 \u0915\u093e \u0935\u093f\u0935\u0930\u0923 (\u0916\u0930\u0940\u0926\u093e\u0930\u0940 \u0915\u0940 \u0905\u0935\u0927\u093f, \u0916\u0930\u0940\u0926\u093e\u0930\u0940 \u0915\u0940 \u0915\u0940\u092e\u0924, \u0936\u0947\u092f\u0930\u094b\u0902 \u0915\u0940 \u0938\u0902\u0916\u094d\u092f\u093e) \u0918\u094b\u0937\u093f\u0924 \u0915\u093f\u092f\u093e \u091c\u093e\u0924\u093e \u0939\u0948 \u0914\u0930 \u092c\u0921\u093c\u0940 \u0938\u0902\u0916\u094d\u092f\u093e \u092e\u0947\u0902 \u0936\u0947\u092f\u0930 \u0916\u0930\u0940\u0926\u0947 \u091c\u093e\u0924\u0947 \u0939\u0948\u0902, \u092c\u093f\u0928\u093e \u0938\u093f\u0915\u094d\u092f\u094b\u0930\u093f\u091f\u0940\u091c \u090f\u0915\u094d\u0938\u091a\u0947\u0902\u091c \u0915\u0947 \u092e\u093e\u0927\u094d\u092f\u092e \u0938\u0947\u0964 \u0935\u093f\u0924\u094d\u0924\u0940\u092f \u0909\u0924\u094d\u092a\u093e\u0926 \u0935\u094d\u092f\u093e\u092a\u093e\u0930 \u0915\u093e\u0928\u0942\u0928 (Japanese Financial Instruments and Exchange Act) \u0915\u0947 \u0905\u0928\u0941\u0938\u093e\u0930, \u0916\u0930\u0940\u0926\u093e\u0930\u0940 \u0915\u0947 \u092c\u093e\u0926 \u0936\u0947\u092f\u0930 \u0938\u094d\u0935\u093e\u092e\u093f\u0924\u094d\u0935 \u0915\u0940 \u0905\u0928\u0941\u092a\u093e\u0924 \u0905\u0917\u0930 \u090f\u0915 \u0924\u093f\u0939\u093e\u0908 \u0938\u0947 \u0905\u0927\u093f\u0915 \u0939\u094b\u0924\u093e \u0939\u0948, \u0924\u094b \u0907\u0938\u0947 \u091c\u0928\u0938\u093e\u092e\u093e\u0928\u094d\u092f \u0916\u0930\u0940\u0926\u093e\u0930\u0940 \u0915\u0947 \u092e\u093e\u0927\u094d\u092f\u092e \u0938\u0947 \u0915\u0930\u0928\u093e \u0939\u094b\u0917\u093e (\u090f\u0915 \u0924\u093f\u0939\u093e\u0908 \u0928\u093f\u092f\u092e)\u0964 TOB \u092e\u0947\u0902 \u092a\u094d\u0930\u0938\u094d\u0924\u093e\u0935\u093f\u0924 \u0916\u0930\u0940\u0926\u093e\u0930\u0940 \u0915\u0940 \u0915\u0940\u092e\u0924 \u0905\u0915\u094d\u0938\u0930 \u092c\u093e\u091c\u093e\u0930 \u092e\u0947\u0902 \u0932\u0947\u0928-\u0926\u0947\u0928 \u0915\u0940 \u0915\u0940\u092e\u0924 \u0938\u0947 \u0905\u0927\u093f\u0915 \u0939\u094b\u0924\u0940 \u0939\u0948, \u0924\u093e\u0915\u093f \u0905\u0927\u093f\u0915 \u0938\u0902\u0916\u094d\u092f\u093e \u092e\u0947\u0902 \u0936\u0947\u092f\u0930 \u0916\u0930\u0940\u0926\u0947 \u091c\u093e \u0938\u0915\u0947\u0902\u0964<\/p>\n\n\n\n<p>TOB \u092e\u0947\u0902, \u092e\u093f\u0924\u094d\u0930\u0935\u0924 TOB \u0914\u0930 \u0936\u0924\u094d\u0930\u0941\u0924\u093e\u092a\u0942\u0930\u094d\u0923 TOB \u0939\u094b\u0924\u0947 \u0939\u0948\u0902\u0964 \u092e\u093f\u0924\u094d\u0930\u0935\u0924 TOB \u0915\u093e \u0924\u093e\u0924\u094d\u092a\u0930\u094d\u092f \u0939\u094b\u0924\u093e \u0939\u0948 \u0909\u0938 \u0938\u094d\u0925\u093f\u0924\u093f \u0938\u0947 \u091c\u092c \u0932\u0915\u094d\u0937\u094d\u092f \u0915\u0902\u092a\u0928\u0940 \u0915\u0947 \u092a\u094d\u0930\u092c\u0902\u0927\u0928 \u0928\u0947 \u0938\u0939\u092e\u0924\u093f \u0926\u0940 \u0939\u094b, \u0914\u0930 \u0936\u0924\u094d\u0930\u0941\u0924\u093e\u092a\u0942\u0930\u094d\u0923 TOB \u0915\u093e \u0924\u093e\u0924\u094d\u092a\u0930\u094d\u092f \u0939\u094b\u0924\u093e \u0939\u0948 \u0909\u0938 \u0938\u094d\u0925\u093f\u0924\u093f \u0938\u0947 \u091c\u092c \u0932\u0915\u094d\u0937\u094d\u092f \u0915\u0902\u092a\u0928\u0940 \u0915\u0947 \u092a\u094d\u0930\u092c\u0902\u0927\u0928 \u0928\u0947 \u0935\u093f\u0930\u094b\u0927 \u0915\u093f\u092f\u093e \u0939\u094b\u0964 \u0936\u0924\u094d\u0930\u0941\u0924\u093e\u092a\u0942\u0930\u094d\u0923 TOB \u0915\u0947 \u0916\u093f\u0932\u093e\u092b, \u092a\u0949\u0907\u091c\u0928 \u092a\u093f\u0932\u094d\u0938 \u0914\u0930 \u0917\u094b\u0932\u094d\u0921\u0928 \u092a\u0948\u0930\u093e\u0936\u0942\u091f\u094d\u0938 \u091c\u0948\u0938\u0947 \u0935\u093f\u092d\u093f\u0928\u094d\u0928 \u092a\u094d\u0930\u0924\u093f\u0915\u093e\u0930\u0940 \u0909\u092a\u093e\u092f \u092e\u094c\u091c\u0942\u0926 \u0939\u0948\u0902\u0964<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%AC%E0%A4%BE%E0%A4%9C%E0%A4%BE%E0%A4%B0_%E0%A4%96%E0%A4%B0%E0%A5%80%E0%A4%A6%E0%A4%BE%E0%A4%B0%E0%A5%80\"><\/span>\u092c\u093e\u091c\u093e\u0930 \u0916\u0930\u0940\u0926\u093e\u0930\u0940<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u092c\u093e\u091c\u093e\u0930 \u0916\u0930\u0940\u0926\u093e\u0930\u0940 \u0915\u093e \u0905\u0930\u094d\u0925 \u0939\u0948 \u0915\u093f \u091c\u092c \u0932\u0915\u094d\u0937\u094d\u092f \u0915\u0902\u092a\u0928\u0940 \u090f\u0915 \u0938\u0942\u091a\u0940\u092c\u0926\u094d\u0927 \u0915\u0902\u092a\u0928\u0940 \u0939\u094b\u0924\u0940 \u0939\u0948, \u0924\u094b \u0938\u093f\u0915\u094d\u092f\u094b\u0930\u093f\u091f\u0940\u091c \u090f\u0915\u094d\u0938\u091a\u0947\u0902\u091c \u092e\u0947\u0902 \u0936\u0947\u092f\u0930 \u0916\u0930\u0940\u0926\u0947 \u091c\u093e\u0924\u0947 \u0939\u0948\u0902\u0964 \u0939\u093e\u0932\u093e\u0902\u0915\u093f, \u092f\u0926\u093f \u092c\u0921\u093c\u0940 \u092e\u093e\u0924\u094d\u0930\u093e \u092e\u0947\u0902 \u0916\u0930\u0940\u0926\u093e\u0930\u0940 \u0915\u0947 \u0906\u0926\u0947\u0936 \u0926\u093f\u090f \u091c\u093e\u0924\u0947 \u0939\u0948\u0902, \u0924\u094b \u0936\u0947\u092f\u0930 \u0915\u0940 \u0915\u0940\u092e\u0924 \u092c\u0922\u093c\u0928\u0947 \u0915\u0940 \u0938\u0902\u092d\u093e\u0935\u0928\u093e \u0939\u094b\u0924\u0940 \u0939\u0948, \u0907\u0938\u0932\u093f\u090f \u0936\u0947\u092f\u0930\u094b\u0902 \u0915\u0940 \u0905\u0927\u093f\u0915\u093e\u0902\u0936\u0924\u093e \u0915\u094b \u092a\u094d\u0930\u093e\u092a\u094d\u0924 \u0915\u0930\u0928\u0947 \u0915\u0947 \u0909\u0926\u094d\u0926\u0947\u0936\u094d\u092f \u0938\u0947 \u0907\u0938\u0947 \u0915\u0930\u0928\u093e \u0905\u092e\u0941\u0915\u094d\u0924 \u0939\u094b\u0924\u093e \u0939\u0948\u0964<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B8%E0%A4%BE%E0%A4%AA%E0%A5%87%E0%A4%95%E0%A5%8D%E0%A4%B7_%E0%A4%B2%E0%A5%87%E0%A4%A8-%E0%A4%A6%E0%A5%87%E0%A4%A8\"><\/span>\u0938\u093e\u092a\u0947\u0915\u094d\u0937 \u0932\u0947\u0928-\u0926\u0947\u0928<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0938\u093e\u092a\u0947\u0915\u094d\u0937 \u0932\u0947\u0928-\u0926\u0947\u0928 \u0915\u093e \u0905\u0930\u094d\u0925 \u0939\u0948 \u0915\u093f \u092c\u093e\u091c\u093e\u0930 \u0915\u0947 \u092c\u093e\u0939\u0930 \u0932\u0947\u0928-\u0926\u0947\u0928 \u0915\u093f\u092f\u093e \u091c\u093e\u0924\u093e \u0939\u0948, \u0914\u0930 \u0917\u0948\u0930-\u0938\u0942\u091a\u0940\u092c\u0926\u094d\u0927 \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 \u0915\u0947 \u092e\u093e\u092e\u0932\u0947 \u092e\u0947\u0902, \u092f\u0939 \u0915\u0947\u0935\u0932 \u0938\u093e\u092a\u0947\u0915\u094d\u0937 \u0932\u0947\u0928-\u0926\u0947\u0928 \u0939\u094b\u0924\u093e \u0939\u0948\u0964 \u092f\u0926\u093f \u092a\u0915\u094d\u0937\u094b\u0902 \u0915\u0947 \u092c\u0940\u091a \u0938\u0939\u092e\u0924\u093f \u0939\u094b, \u0924\u094b \u0935\u0947 \u092e\u0942\u0932\u094d\u092f \u0906\u0926\u093f \u0932\u0947\u0928-\u0926\u0947\u0928 \u0915\u0940 \u0936\u0930\u094d\u0924\u094b\u0902 \u0915\u094b \u0938\u094d\u0935\u0924\u0902\u0924\u094d\u0930 \u0930\u0942\u092a \u0938\u0947 \u0928\u093f\u0930\u094d\u0927\u093e\u0930\u093f\u0924 \u0915\u0930 \u0938\u0915\u0924\u0947 \u0939\u0948\u0902\u0964<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%95%E0%A5%87_%E0%A4%B2%E0%A4%BE%E0%A4%AD\"><\/span>\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0947 \u0932\u093e\u092d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u0940 \u0915\u0947 \u0932\u093f\u090f \u092e\u0941\u0916\u094d\u092f \u0932\u093e\u092d \u0928\u093f\u092e\u094d\u0928\u0932\u093f\u0916\u093f\u0924 \u0926\u094b \u0939\u0948\u0902:<\/p>\n\n\n\n<ul>\n<li>\u0915\u0902\u092a\u0928\u0940 \u0915\u094b \u0935\u0948\u0938\u0947 \u0939\u0940 \u091c\u093e\u0930\u0940 \u0930\u0916 \u0938\u0915\u0924\u0947 \u0939\u0948\u0902<\/li>\n\n\n\n<li>\u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930\u094d\u0938 \u0905\u092a\u0928\u0947 \u0936\u0947\u092f\u0930\u094b\u0902 \u0915\u094b \u0928\u0915\u0926 \u0915\u0930 \u0938\u0915\u0924\u0947 \u0939\u0948\u0902<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2020\/11\/share-transfer-ma2.jpg\" alt=\"\" class=\"wp-image-21231\" \/><\/figure>\n\n\n\n<p>\u0935\u0939\u0940\u0902, \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u094d\u0930\u093e\u092a\u094d\u0924 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u0940 \u0915\u0947 \u0932\u093f\u090f \u0932\u093e\u092d \u0928\u093f\u092e\u094d\u0928\u0932\u093f\u0916\u093f\u0924 \u0926\u094b \u0939\u094b\u0924\u0947 \u0939\u0948\u0902:<\/p>\n\n\n\n<ul>\n<li>\u092e\u0942\u0932 \u0930\u0942\u092a \u0938\u0947 \u0905\u0928\u0941\u092e\u0924\u093f\u092f\u093e\u0902 \u0914\u0930 \u0905\u0928\u0941\u092c\u0902\u0927\u094b\u0902 \u0915\u094b \u0909\u0924\u094d\u0924\u0930\u093e\u0927\u093f\u0915\u093e\u0930 \u092e\u0947\u0902 \u0932\u0947 \u0938\u0915\u0924\u0947 \u0939\u0948\u0902<\/li>\n\n\n\n<li>\u0905\u0928\u094d\u092f \u092f\u094b\u091c\u0928\u093e\u0913\u0902 \u0915\u0940 \u0924\u0941\u0932\u0928\u093e \u092e\u0947\u0902, \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e \u0938\u0930\u0932 \u0939\u094b\u0924\u0940 \u0939\u0948<\/li>\n<\/ul>\n\n\n\n<p>\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0947 \u092e\u093e\u092e\u0932\u0947 \u092e\u0947\u0902, \u0905\u0928\u0941\u092e\u0924\u093f\u092f\u093e\u0902 \u0914\u0930 \u0905\u0928\u0941\u092c\u0902\u0927\u094b\u0902 \u0915\u094b \u0909\u0924\u094d\u0924\u0930\u093e\u0927\u093f\u0915\u093e\u0930 \u092e\u0947\u0902 \u0932\u0947 \u0938\u0915\u0928\u0947 \u0915\u0947 \u092e\u093e\u092e\u0932\u0947 \u0905\u0927\u093f\u0915\u093e\u0902\u0936 \u0939\u094b\u0924\u0947 \u0939\u0948\u0902\u0964 \u0939\u093e\u0932\u093e\u0902\u0915\u093f, \u0935\u094d\u092f\u093e\u092a\u093e\u0930 \u092e\u0942\u0932 \u0905\u0928\u0941\u092c\u0902\u0927 \u0914\u0930 \u0915\u093f\u0930\u093e\u092f\u093e \u0905\u0928\u0941\u092c\u0902\u0927 \u092e\u0947\u0902, \u092f\u0926\u093f \u092e\u0941\u0916\u094d\u092f \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u092c\u0926\u0932 \u091c\u093e\u0924\u0947 \u0939\u0948\u0902 \u0924\u094b \u0905\u0928\u0941\u092c\u0902\u0927 \u0930\u0926\u094d\u0926 \u0939\u094b \u0938\u0915\u0924\u093e \u0939\u0948, \u0910\u0938\u093e \u0927\u093e\u0930\u093e \u0936\u093e\u092e\u093f\u0932 \u0939\u094b \u0938\u0915\u0924\u0940 \u0939\u0948, \u0907\u0938\u0932\u093f\u090f \u0907\u0938 \u092c\u093e\u0924 \u0915\u093e \u0927\u094d\u092f\u093e\u0928 \u0930\u0916\u0928\u093e \u0906\u0935\u0936\u094d\u092f\u0915 \u0939\u0948\u0964 \u0935\u094d\u092f\u0935\u0939\u093e\u0930\u093f\u0915 \u0930\u0942\u092a \u0938\u0947, \u0907\u0938 \u0927\u093e\u0930\u093e \u0915\u0947 \u0939\u094b\u0928\u0947 \u0915\u0947 \u0915\u093e\u0930\u0923 \u0905\u0928\u0941\u092c\u0902\u0927 \u0905\u0935\u0936\u094d\u092f \u0939\u0940 \u0930\u0926\u094d\u0926 \u0928\u0939\u0940\u0902 \u0939\u094b\u0924\u093e \u0939\u0948, \u0914\u0930 \u0928\u090f \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0915\u0940 \u0935\u093f\u0936\u094d\u0935\u0938\u0928\u0940\u092f\u0924\u093e \u0906\u0926\u093f \u092a\u0930 \u0928\u093f\u0930\u094d\u092d\u0930 \u0915\u0930\u0924\u0947 \u0939\u0941\u090f \u0905\u0928\u0941\u092c\u0902\u0927 \u0915\u094b \u091c\u093e\u0930\u0940 \u0930\u0916\u0928\u0947 \u0915\u0947 \u092e\u093e\u092e\u0932\u0947 \u0905\u0927\u093f\u0915 \u0939\u094b\u0924\u0947 \u0939\u0948\u0902\u0964<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%B8%E0%A5%8D%E0%A4%A5%E0%A4%BE%E0%A4%A8%E0%A4%BE%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%A3_%E0%A4%95%E0%A5%80_%E0%A4%A8%E0%A5%81%E0%A4%95%E0%A4%B8%E0%A4%BE%E0%A4%A8\"><\/span>\u0936\u0947\u092f\u0930 \u0938\u094d\u0925\u093e\u0928\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u0928\u0941\u0915\u0938\u093e\u0928<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u092f\u0926\u093f \u0938\u094d\u0925\u093e\u0928\u093e\u0902\u0924\u0930\u0923 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u0940 \u0915\u0947 \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930\u094d\u0938 \u0915\u092e \u0939\u094b\u0902, \u0924\u094b \u092f\u0939 \u0905\u091a\u094d\u091b\u093e \u0939\u094b\u0924\u093e \u0939\u0948, \u0932\u0947\u0915\u093f\u0928 \u0905\u0917\u0930 \u092c\u0939\u0941\u0924 \u0938\u093e\u0930\u0947 \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930\u094d\u0938 \u0939\u094b\u0902, \u0924\u094b \u0936\u0947\u092f\u0930\u094b\u0902 \u0915\u094b \u0938\u0902\u0917\u094d\u0930\u0939\u093f\u0924 \u0915\u0930\u0928\u0947 \u092e\u0947\u0902 \u0938\u092e\u092f \u0932\u0917\u0924\u093e \u0939\u0948\u0964<\/p>\n\n\n\n<p>\u0907\u0938\u0915\u0947 \u0905\u0932\u093e\u0935\u093e, \u0936\u0947\u092f\u0930 \u092a\u094d\u0930\u093e\u092a\u094d\u0924 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u0940 \u0915\u0947 \u0932\u093f\u090f, \u092f\u0939 \u090f\u0915 \u0928\u0941\u0915\u0938\u093e\u0928 \u0939\u0948 \u0915\u093f \u0909\u0938\u0947 \u090b\u0923 \u0914\u0930 \u092c\u093e\u0939\u0930\u0940 \u090b\u0923 \u0906\u0926\u093f \u0915\u094b \u092d\u0940 \u0938\u0902\u0917\u094d\u0930\u0939\u093f\u0924 \u0915\u0930\u0928\u093e \u092a\u0921\u093c\u0924\u093e \u0939\u0948\u0964 \u0907\u0938\u0932\u093f\u090f, \u092a\u0942\u0930\u094d\u0935 \u092e\u0947\u0902 \u0921\u094d\u092f\u0942 \u0921\u093f\u0932\u093f\u091c\u0947\u0902\u0938 \u0915\u094b \u0938\u0924\u0930\u094d\u0915\u0924\u093e \u0938\u0947 \u0915\u0930\u0928\u0947 \u0915\u0940 \u0906\u0935\u0936\u094d\u092f\u0915\u0924\u093e \u0939\u094b\u0924\u0940 \u0939\u0948\u0964<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0%E0%A5%8D%E0%A4%B8_%E0%A4%95%E0%A5%87_%E0%A4%B9%E0%A4%B8%E0%A5%8D%E0%A4%A4%E0%A4%BE%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%A3_%E0%A4%B8%E0%A5%87_%E0%A4%AA%E0%A4%B9%E0%A4%B2%E0%A5%87_%E0%A4%95%E0%A5%80_%E0%A4%9C%E0%A4%BE%E0%A4%82%E0%A4%9A\"><\/span>\u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0938\u0947 \u092a\u0939\u0932\u0947 \u0915\u0940 \u091c\u093e\u0902\u091a<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0915\u0947 \u0938\u092e\u092f, \u0928\u093f\u092e\u094d\u0928\u0932\u093f\u0916\u093f\u0924 \u092c\u093e\u0924\u094b\u0902 \u0915\u0940 \u091c\u093e\u0902\u091a \u0915\u0930\u0928\u0940 \u091a\u093e\u0939\u093f\u090f\u0964<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%95%E0%A5%8D%E0%A4%AF%E0%A4%BE_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%B8%E0%A4%B0%E0%A5%8D%E0%A4%9F%E0%A4%BF%E0%A4%AB%E0%A4%BF%E0%A4%95%E0%A5%87%E0%A4%9F_%E0%A4%9C%E0%A4%BE%E0%A4%B0%E0%A5%80_%E0%A4%95%E0%A4%BF%E0%A4%AF%E0%A4%BE_%E0%A4%97%E0%A4%AF%E0%A4%BE_%E0%A4%B9%E0%A5%88\"><\/span>\u0915\u094d\u092f\u093e \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u091c\u093e\u0930\u0940 \u0915\u093f\u092f\u093e \u0917\u092f\u093e \u0939\u0948<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0905\u0917\u0930 \u0915\u0902\u092a\u0928\u0940 \u0928\u0947 \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u091c\u093e\u0930\u0940 \u0915\u093f\u092f\u093e \u0939\u0948, \u0924\u094b \u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0915\u0947 \u0938\u092e\u092f \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e \u0906\u0935\u0936\u094d\u092f\u0915 \u0939\u094b\u0924\u0940 \u0939\u0948\u0964 \u091c\u094b \u0915\u0902\u092a\u0928\u093f\u092f\u093e\u0902 \u0915\u0902\u092a\u0928\u0940 \u0915\u093e\u0928\u0942\u0928 \u0915\u0947 \u0932\u093e\u0917\u0942 \u0939\u094b\u0928\u0947 \u0938\u0947 \u092a\u0939\u0932\u0947 (2006 \u092e\u0947\u0902 \u092e\u0908) \u0938\u094d\u0925\u093e\u092a\u093f\u0924 \u0915\u0940 \u0917\u0908 \u0925\u0940\u0902, \u0909\u0928\u0915\u0947 \u0906\u0927\u093f\u0915\u093e\u0930\u093f\u0915 \u0926\u0938\u094d\u0924\u093e\u0935\u0947\u091c\u094b\u0902 \u092e\u0947\u0902 \u092f\u0926\u093f \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u0928\u0939\u0940\u0902 \u091c\u093e\u0930\u0940 \u0915\u0930\u0928\u0947 \u0915\u093e \u092a\u094d\u0930\u093e\u0935\u0927\u093e\u0928 \u0928\u0939\u0940\u0902 \u0939\u0948, \u0924\u094b \u0935\u0947 \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u091c\u093e\u0930\u0940 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u0940 \u0939\u0948\u0902\u0964 \u0909\u0932\u091f\u0947, \u091c\u094b \u0915\u0902\u092a\u0928\u093f\u092f\u093e\u0902 2006 \u092e\u0947\u0902 \u092e\u0908 \u0915\u0947 \u092c\u093e\u0926 \u0938\u094d\u0925\u093e\u092a\u093f\u0924 \u0915\u0940 \u0917\u0908 \u0925\u0940\u0902, \u0909\u0928\u0915\u0947 \u0906\u0927\u093f\u0915\u093e\u0930\u093f\u0915 \u0926\u0938\u094d\u0924\u093e\u0935\u0947\u091c\u094b\u0902 \u092e\u0947\u0902 \u092f\u0926\u093f \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u091c\u093e\u0930\u0940 \u0915\u0930\u0928\u0947 \u0915\u093e \u092a\u094d\u0930\u093e\u0935\u0927\u093e\u0928 \u0928\u0939\u0940\u0902 \u0939\u0948, \u0924\u094b \u0935\u0947 \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u0928\u0939\u0940\u0902 \u091c\u093e\u0930\u0940 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u0940 \u0939\u0948\u0902\u0964<\/p>\n\n\n\n<p>\u0905\u0917\u0930 \u0915\u0902\u092a\u0928\u0940 \u0928\u0947 \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u0928\u0939\u0940\u0902 \u091c\u093e\u0930\u0940 \u0915\u093f\u092f\u093e \u0939\u0948, \u0924\u094b \u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0915\u093e \u0905\u0928\u0941\u092c\u0902\u0927 \u0938\u092e\u093e\u092a\u094d\u0924 \u0915\u0930\u0915\u0947 \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930\u094d\u0938 \u0915\u0940 \u0938\u0942\u091a\u0940 \u0915\u0947 \u0928\u093e\u092e \u092c\u0926\u0932\u0928\u0947 \u0938\u0947 \u0905\u0927\u093f\u0915\u093e\u0930 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u093f\u0924 \u0915\u093f\u092f\u093e \u091c\u093e \u0938\u0915\u0924\u093e \u0939\u0948, \u0932\u0947\u0915\u093f\u0928 \u0905\u0917\u0930 \u0915\u0902\u092a\u0928\u0940 \u0928\u0947 \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u091c\u093e\u0930\u0940 \u0915\u093f\u092f\u093e \u0939\u0948, \u0924\u094b \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u0915\u0947 \u092c\u093f\u0928\u093e \u0905\u0927\u093f\u0915\u093e\u0930 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u093f\u0924 \u0928\u0939\u0940\u0902 \u0915\u093f\u092f\u093e \u091c\u093e \u0938\u0915\u0924\u093e, \u0907\u0938\u0932\u093f\u090f \u0938\u0924\u0930\u094d\u0915 \u0930\u0939\u0928\u093e \u0906\u0935\u0936\u094d\u092f\u0915 \u0939\u0948\u0964<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%95%E0%A5%8D%E0%A4%AF%E0%A4%BE_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0%E0%A5%8D%E0%A4%B8_%E0%A4%95%E0%A5%87_%E0%A4%B9%E0%A4%B8%E0%A5%8D%E0%A4%A4%E0%A4%BE%E0%A4%82%E0%A4%A4%E0%A4%B0%E0%A4%A3_%E0%A4%AA%E0%A4%B0_%E0%A4%95%E0%A5%8B%E0%A4%88_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A4%E0%A4%BF%E0%A4%AC%E0%A4%82%E0%A4%A7_%E0%A4%B9%E0%A5%88\"><\/span>\u0915\u094d\u092f\u093e \u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u092a\u0930 \u0915\u094b\u0908 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u0948<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u0905\u0917\u0930 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0915\u0947 \u0932\u093f\u090f \u091a\u0941\u0928\u0947 \u0917\u090f \u0936\u0947\u092f\u0930\u094d\u0938 \u092a\u0930 \u0915\u094b\u0908 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0932\u0917\u093e\u092f\u093e \u0917\u092f\u093e \u0939\u0948, \u0924\u094b \u0936\u0947\u092f\u0930\u094d\u0938 \u0915\u0947 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0915\u0940 \u0905\u0928\u0941\u092e\u0924\u093f \u0915\u0947 \u0932\u093f\u090f \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0930\u0928\u093e \u0939\u094b\u0917\u093e, \u0914\u0930 \u0905\u0928\u0941\u092e\u0924\u093f \u092a\u094d\u0930\u093e\u092a\u094d\u0924 \u0915\u0930\u0928\u0940 \u0939\u094b\u0917\u0940\u0964 \u0936\u0947\u092f\u0930\u094d\u0938 \u092a\u0930 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0915\u0940 \u091c\u093e\u0902\u091a \u0906\u0927\u093f\u0915\u093e\u0930\u093f\u0915 \u0926\u0938\u094d\u0924\u093e\u0935\u0947\u091c\u094b\u0902 \u092f\u093e \u092a\u0902\u091c\u0940\u0915\u0930\u0923 \u0935\u093f\u0935\u0930\u0923 \u092a\u094d\u0930\u092e\u093e\u0923 \u092a\u0924\u094d\u0930 \u0915\u0947 \u092e\u093e\u0927\u094d\u092f\u092e \u0938\u0947 \u0915\u0940 \u091c\u093e \u0938\u0915\u0924\u0940 \u0939\u0948\u0964<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%95%E0%A5%80_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%95%E0%A5%8D%E0%A4%B0%E0%A4%BF%E0%A4%AF%E0%A4%BE\"><\/span>\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0940 \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u090f\u0915 \u0935\u094d\u092f\u0915\u094d\u0924\u093f\u0917\u0924 \u0932\u0947\u0928-\u0926\u0947\u0928 \u0915\u0947 \u092e\u093e\u0927\u094d\u092f\u092e \u0938\u0947 \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u093f\u092f\u093e \u091c\u093e \u0938\u0915\u0924\u093e \u0939\u0948, \u092f\u0926\u093f \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930\u0930 \u0914\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930\u0940 \u0915\u0947 \u092c\u0940\u091a \u0938\u0939\u092e\u0924\u093f \u0939\u094b\u0924\u0940 \u0939\u0948, \u0932\u0947\u0915\u093f\u0928 \u0924\u0940\u0938\u0930\u0947 \u092a\u0915\u094d\u0937 \u0915\u0947 \u0916\u093f\u0932\u093e\u092b \u092a\u094d\u0930\u092d\u093e\u0935\u0940 \u0939\u094b\u0928\u0947 \u0915\u0947 \u0932\u093f\u090f, \u092f\u0939 \u091c\u0930\u0942\u0930\u0940 \u0939\u0948 \u0915\u093f \u091c\u093e\u092a\u093e\u0928\u0940 \u0915\u0902\u092a\u0928\u0940 \u0915\u093e\u0928\u0942\u0928 \u0915\u0947 \u0905\u0928\u0941\u0938\u093e\u0930 \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e \u0915\u093e \u092a\u093e\u0932\u0928 \u0915\u093f\u092f\u093e \u091c\u093e\u090f\u0964 \u0928\u0940\u091a\u0947, \u0939\u092e \u0935\u094d\u092f\u0915\u094d\u0924\u093f\u0917\u0924 \u0932\u0947\u0928-\u0926\u0947\u0928 \u0915\u0947 \u092e\u093e\u0927\u094d\u092f\u092e \u0938\u0947 \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0940 \u0938\u093e\u092e\u093e\u0928\u094d\u092f \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e \u0915\u093e \u0935\u0930\u094d\u0923\u0928 \u0915\u0930 \u0930\u0939\u0947 \u0939\u0948\u0902\u0964<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%9C%E0%A4%AC_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%AA%E0%A4%B0_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A4%E0%A4%BF%E0%A4%AC%E0%A4%82%E0%A4%A7_%E0%A4%B9%E0%A5%8B_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%85%E0%A4%A8%E0%A5%81%E0%A4%AE%E0%A5%8B%E0%A4%A6%E0%A4%A8_%E0%A4%85%E0%A4%A8%E0%A5%81%E0%A4%B0%E0%A5%8B%E0%A4%A7\"><\/span>(\u091c\u092c \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u0930 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u094b) \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u0905\u0928\u0941\u0930\u094b\u0927<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u091c\u092c \u0915\u093f\u0938\u0940 \u0928\u0947 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927\u093f\u0924 \u0936\u0947\u092f\u0930\u094b\u0902 \u0915\u094b \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0930\u0928\u0947 \u0915\u093e \u092a\u094d\u0930\u092f\u093e\u0938 \u0915\u093f\u092f\u093e \u0939\u094b, \u0924\u094b \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0915\u094b \u0915\u0902\u092a\u0928\u0940 \u0915\u094b \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u0905\u0928\u0941\u0930\u094b\u0927 \u092a\u0924\u094d\u0930 \u092a\u094d\u0930\u0938\u094d\u0924\u0941\u0924 \u0915\u0930\u0928\u093e \u0939\u094b\u0917\u093e \u0914\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u092a\u094d\u0930\u093e\u092a\u094d\u0924 \u0915\u0930\u0928\u093e \u0939\u094b\u0917\u093e\u0964 \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u0905\u0928\u0941\u0930\u094b\u0927 \u092a\u0924\u094d\u0930 \u092e\u0947\u0902 \u0928\u093f\u092e\u094d\u0928\u0932\u093f\u0916\u093f\u0924 \u091c\u093e\u0928\u0915\u093e\u0930\u0940 \u0936\u093e\u092e\u093f\u0932 \u0939\u094b\u0924\u0940 \u0939\u0948:<\/p>\n\n\n\n<ul>\n<li>\u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u093f\u090f \u091c\u093e\u0928\u0947 \u0935\u093e\u0932\u0947 \u0936\u0947\u092f\u0930\u094b\u0902 \u0915\u0940 \u092a\u094d\u0930\u0915\u093e\u0930 \u0914\u0930 \u0938\u0902\u0916\u094d\u092f\u093e<\/li>\n\n\n\n<li>\u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u094d\u0930\u093e\u092a\u094d\u0924\u0915\u0930\u094d\u0924\u093e \u0915\u093e \u092a\u0924\u093e, \u0928\u093e\u092e \u092f\u093e \u0928\u093e\u092e<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2020\/11\/share-transfer-ma3.jpg\" alt=\"\" class=\"wp-image-21232\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%9C%E0%A4%AC_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%AA%E0%A4%B0_%E0%A4%AA%E0%A5%8D%E0%A4%B0%E0%A4%A4%E0%A4%BF%E0%A4%AC%E0%A4%82%E0%A4%A7_%E0%A4%B9%E0%A5%8B_%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%85%E0%A4%A8%E0%A5%81%E0%A4%AE%E0%A5%8B%E0%A4%A6%E0%A4%A8\"><\/span>(\u091c\u092c \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u0930 \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927 \u0939\u094b) \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u092c\u094b\u0930\u094d\u0921 \u0911\u092b \u0921\u093e\u092f\u0930\u0947\u0915\u094d\u091f\u0930\u094d\u0938 \u0915\u0940 \u0938\u094d\u0925\u093e\u092a\u0928\u093e \u0915\u0940 \u0917\u0908 \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 \u092e\u0947\u0902, \u092c\u094b\u0930\u094d\u0921 \u0911\u092b \u0921\u093e\u092f\u0930\u0947\u0915\u094d\u091f\u0930\u094d\u0938 \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u094b \u0905\u0928\u0941\u092e\u094b\u0926\u093f\u0924 \u0915\u0930\u0924\u093e \u0939\u0948\u0964 \u092c\u094b\u0930\u094d\u0921 \u0911\u092b \u0921\u093e\u092f\u0930\u0947\u0915\u094d\u091f\u0930\u094d\u0938 \u0915\u0940 \u0938\u094d\u0925\u093e\u092a\u0928\u093e \u0915\u0940 \u0917\u0908 \u0915\u0902\u092a\u0928\u0940 \u092e\u0947\u0902 \u092d\u0940, \u092f\u0926\u093f \u0906\u0935\u0936\u094d\u092f\u0915\u0924\u093e \u0939\u094b\u0924\u0940 \u0939\u0948, \u0924\u094b \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930\u094d\u0938 \u0915\u0940 \u092c\u0948\u0920\u0915 \u092e\u0947\u0902 \u092f\u0939 \u0915\u093f\u092f\u093e \u091c\u093e \u0938\u0915\u0924\u093e \u0939\u0948\u0964 \u092c\u094b\u0930\u094d\u0921 \u0911\u092b \u0921\u093e\u092f\u0930\u0947\u0915\u094d\u091f\u0930\u094d\u0938 \u0915\u0940 \u0938\u094d\u0925\u093e\u092a\u0928\u093e \u0928\u0939\u0940\u0902 \u0915\u0940 \u0917\u0908 \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 \u092e\u0947\u0902, \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930\u094d\u0938 \u0915\u0940 \u092c\u0948\u0920\u0915 \u092e\u0947\u0902 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u092a\u094d\u0930\u093e\u092a\u094d\u0924 \u0915\u093f\u092f\u093e \u091c\u093e\u0924\u093e \u0939\u0948\u0964 \u090f\u0915 \u092c\u093e\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u092f\u093e \u0905\u0938\u094d\u0935\u0940\u0915\u093e\u0930 \u0915\u093e \u0928\u093f\u0930\u094d\u0923\u092f \u0932\u093f\u092f\u093e \u091c\u093e\u0924\u093e \u0939\u0948, \u0915\u0902\u092a\u0928\u0940 \u0905\u0928\u0941\u0930\u094b\u0927\u0915\u0930\u094d\u0924\u093e \u0915\u094b \u0938\u0942\u091a\u0928\u093e \u0926\u0947\u0924\u0940 \u0939\u0948\u0964<\/p>\n\n\n\n<p>\u092f\u0926\u093f \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092e\u094b\u0926\u0928 \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0940 \u0924\u093e\u0930\u0940\u0916 \u0938\u0947 2 \u0938\u092a\u094d\u0924\u093e\u0939 \u0915\u0947 \u092d\u0940\u0924\u0930 (\u0906\u0935\u0936\u094d\u092f\u0915\u0924\u093e\u0928\u0941\u0938\u093e\u0930 \u0938\u0902\u0915\u094d\u0937\u093f\u092a\u094d\u0924 \u0915\u093f\u092f\u093e \u091c\u093e \u0938\u0915\u0924\u093e \u0939\u0948) \u0938\u0942\u091a\u0928\u093e \u0928\u0939\u0940\u0902 \u0926\u0940 \u0917\u0908 \u0939\u094b, \u0924\u094b \u091c\u093e\u092a\u093e\u0928\u0940 \u0915\u0902\u092a\u0928\u0940 \u0915\u093e\u0928\u0942\u0928 \u0915\u0947 \u0905\u0928\u0941\u0938\u093e\u0930, \u0915\u0902\u092a\u0928\u0940 \u0928\u0947 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u094b \u092e\u093e\u0928\u094d\u092f\u0924\u093e \u0926\u0940 \u092e\u093e\u0928\u0940 \u091c\u093e\u090f\u0917\u0940, \u0907\u0938\u0932\u093f\u090f \u0938\u0924\u0930\u094d\u0915 \u0930\u0939\u0928\u093e \u0906\u0935\u0936\u094d\u092f\u0915 \u0939\u0948\u0964<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0_%E0%A4%9F%E0%A5%8D%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B8%E0%A4%AB%E0%A4%B0_%E0%A4%85%E0%A4%A8%E0%A5%81%E0%A4%AC%E0%A4%82%E0%A4%A7_%E0%A4%95%E0%A4%BE_%E0%A4%B8%E0%A4%AE%E0%A4%BE%E0%A4%AA%E0%A4%A8\"><\/span>\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092c\u0902\u0927 \u0915\u093e \u0938\u092e\u093e\u092a\u0928<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u092f\u0926\u093f \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u094b \u092e\u093e\u0928\u094d\u092f\u0924\u093e \u0926\u0940 \u0917\u0908 \u0939\u094b, \u0924\u094b \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092c\u0902\u0927 \u0915\u093e \u0938\u092e\u093e\u092a\u0928 \u0915\u093f\u092f\u093e \u091c\u093e\u0924\u093e \u0939\u0948\u0964 \u0927\u094d\u092f\u093e\u0928 \u0926\u0947\u0902, \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0905\u0928\u0941\u092c\u0902\u0927 \u0915\u093e \u0938\u092e\u093e\u092a\u0928 \u0915\u0930\u0928\u0947 \u0938\u0947 \u092a\u0939\u0932\u0947, \u0921\u094d\u092f\u0942 \u0921\u093f\u0932\u093f\u091c\u0947\u0902\u0938 \u0915\u093e \u092a\u093e\u0932\u0928 \u0915\u0930\u0928\u093e \u0914\u0930 \u091c\u094b\u0916\u093f\u092e \u0915\u094b \u0938\u092e\u091d\u0928\u093e \u0906\u0935\u0936\u094d\u092f\u0915 \u0939\u0948\u0964<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/investment-contract-clause-management-company\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/investment-contract-clause-management-company[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B6%E0%A5%87%E0%A4%AF%E0%A4%B0%E0%A4%B9%E0%A5%8B%E0%A4%B2%E0%A5%8D%E0%A4%A1%E0%A4%B0_%E0%A4%B0%E0%A4%9C%E0%A4%BF%E0%A4%B8%E0%A5%8D%E0%A4%9F%E0%A4%B0_%E0%A4%95%E0%A4%BE_%E0%A4%AA%E0%A5%81%E0%A4%A8%E0%A4%B0%E0%A5%8D%E0%A4%B2%E0%A5%87%E0%A4%96%E0%A4%A8\"><\/span>\u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0930\u091c\u093f\u0938\u094d\u091f\u0930 \u0915\u093e \u092a\u0941\u0928\u0930\u094d\u0932\u0947\u0916\u0928<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930\u0930 \u0914\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930\u0940, \u0915\u0902\u092a\u0928\u0940 \u0915\u0947 \u0938\u093e\u092e\u0928\u0947 \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0930\u091c\u093f\u0938\u094d\u091f\u0930 \u0915\u0947 \u092a\u0941\u0928\u0930\u094d\u0932\u0947\u0916\u0928 \u0915\u093e \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0930\u0924\u0947 \u0939\u0948\u0902\u0964 \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u0928 \u091c\u093e\u0930\u0940 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 \u092e\u0947\u0902, \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930\u0940 \u0936\u0947\u092f\u0930\u0939\u094b\u0932\u094d\u0921\u0930 \u0930\u091c\u093f\u0938\u094d\u091f\u0930 \u092a\u094d\u0930\u092e\u093e\u0923 \u092a\u0924\u094d\u0930 \u0915\u0940 \u092a\u094d\u0930\u093e\u092a\u094d\u0924\u093f \u0915\u093e \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0930 \u0938\u0915\u0924\u093e \u0939\u0948\u0964 \u091c\u0948\u0938\u093e \u0915\u093f \u0939\u092e\u0928\u0947 \u092a\u0939\u0932\u0947 \u0939\u0940 \u0909\u0932\u094d\u0932\u0947\u0916 \u0915\u093f\u092f\u093e \u0939\u0948, \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u091c\u093e\u0930\u0940 \u0915\u0930\u0928\u0947 \u0935\u093e\u0932\u0940 \u0915\u0902\u092a\u0928\u093f\u092f\u094b\u0902 \u092e\u0947\u0902, \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u0915\u0940 \u092a\u094d\u0930\u092d\u093e\u0935\u0936\u0940\u0932\u0924\u093e \u0915\u0947 \u0932\u093f\u090f \u0936\u0947\u092f\u0930 \u0938\u0930\u094d\u091f\u093f\u092b\u093f\u0915\u0947\u091f \u0915\u0940 \u092a\u094d\u0930\u093e\u092a\u094d\u0924\u093f \u0906\u0935\u0936\u094d\u092f\u0915 \u0939\u094b\u0924\u0940 \u0939\u0948\u0964<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/exit-by-ipo-m-and-a\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/exit-by-ipo-m-and-a[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E0%A4%B8%E0%A4%BE%E0%A4%B0%E0%A4%BE%E0%A4%82%E0%A4%B6\"><\/span>\u0938\u093e\u0930\u093e\u0902\u0936<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930, \u0905\u0928\u094d\u092f M&amp;A \u092f\u094b\u091c\u0928\u093e\u0913\u0902 \u0915\u0940 \u0924\u0941\u0932\u0928\u093e \u092e\u0947\u0902 \u090f\u0915 \u0938\u0930\u0932 \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e \u0939\u0948, \u0939\u093e\u0932\u093e\u0902\u0915\u093f, \u092a\u094d\u0930\u0915\u094d\u0930\u093f\u092f\u093e \u0915\u094b \u0938\u0941\u091a\u093e\u0930\u0942 \u0930\u0942\u092a \u0938\u0947 \u091a\u0932\u093e\u0928\u0947 \u0915\u0947 \u0932\u093f\u090f \u0915\u093e\u0928\u0942\u0928\u0940 \u0914\u0930 \u0915\u0930 \u0938\u0902\u092c\u0902\u0927\u0940 \u0935\u093f\u0936\u0947\u0937\u091c\u094d\u091e\u0924\u093e \u0905\u0928\u093f\u0935\u093e\u0930\u094d\u092f \u0939\u0948\u0964 \u092f\u0926\u093f \u0906\u092a \u0936\u0947\u092f\u0930 \u091f\u094d\u0930\u093e\u0902\u0938\u092b\u0930 \u092a\u0930 \u0935\u093f\u091a\u093e\u0930 \u0915\u0930 \u0930\u0939\u0947 \u0939\u0948\u0902, \u0924\u094b \u092a\u0939\u0932\u0947 \u090f\u0915 \u0905\u0928\u0941\u092d\u0935\u0940 \u0935\u0915\u0940\u0932 \u0938\u0947 \u092a\u0930\u093e\u092e\u0930\u094d\u0936 \u0915\u0930\u0947\u0902\u0964<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&amp;A \u092e\u0947\u0902, \u0915\u0902\u092a\u0928\u0940 \u0935\u093f\u092d\u093e\u091c\u0928, \u0935\u093f\u0932\u092f, \u0936\u0947\u092f\u0930 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923 \u0906\u0926\u093f \u0935\u093f\u092d\u093f\u0928\u094d\u0928 \u092f\u094b\u091c\u0928\u093e\u090f\u0902 \u0939\u094b\u0924\u0940 \u0939\u0948\u0902\u0964 \u0907\u0938 \u0932\u0947\u0916 \u092e\u0947\u0902, \u0939\u092e \u0926\u0947\u0936 \u0915\u0947 M&amp;A \u092e\u0947\u0902 \u092c\u0921\u093c\u0947 \u0939\u093f\u0938\u094d\u0938\u0947 \u0915\u0940 \u092f\u094b\u091c\u0928\u093e &#8216;\u0936\u0947\u092f\u0930 \u0939\u0938\u094d\u0924\u093e\u0902\u0924\u0930\u0923&#8217; \u0915\u0947 \u092c\u093e\u0930\u0947 \u092e\u0947\u0902, \u0907\u0938\u0915\u0947 \u092b\u093e\u092f\u0926\u0947 \u0914\u0930 \u0928\u0941\u0915\u0938\u093e\u0928 \u0938\u0939\u093f\u0924 [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":62695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,27],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/posts\/62342"}],"collection":[{"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/comments?post=62342"}],"version-history":[{"count":1,"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/posts\/62342\/revisions"}],"predecessor-version":[{"id":62696,"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/posts\/62342\/revisions\/62696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/media\/62695"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/media?parent=62342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/categories?post=62342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/hi\/wp-json\/wp\/v2\/tags?post=62342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}