A merger/amalgamation refers to a combination of two or morecompanies into one company. One or more companies may merge withan existing company or they may merge to form a new company. Laws inIndia use the term amalgamation for merger for example, Section 2 (IA) ofthe Income Tax Act, 1961 defines amalgamation as the merger of one ormore companies (called amalgamating company or companies) withanother company (called amalgamated company) or the merger of two ormore companies to form a new company in such a way that all assetsand liabilities of the amalgamating company or companies become assetsand liabilities of the amalgamated company and shareholders holding notless than nine-tenths in value of the shares in the amalgamatingcompany or companies become shareholders of the amalgamatedcompany.

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