Nachiket Gharat Asked a Question
May 14, 2020 9:58 ampts 30 pts
31. In amalgamation if nature of merger which statement is not true? (A) (B) (C) All the assets and liabilities of the transferer company become, after amalgamation, the assets and liabilities of transferee company. Share holders holding not more than 90% of the equity shares of the transferer company become equity shareholders of the transferee company be virtue of the amalgamation. The business of the transferee company is intended to be carried on, after the amalgamation by the transferee company None of these (D)
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  • Rishab Soni thankyou
    in simple terms, the condition is that the shareholders must hold "more" than 90% of the face value of equity share in the transferer company. But the option says "less" than 90%. ...
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  • Rishab Soni thankyou
    I think Statement B is false as it says Shareholders holding "not more than 90%" of the equity share of transferer company become the shareholders of the transferee company. Wherea...
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