TMI Blogword ‘amalgamation’X X X X Extracts X X X X X X X X Extracts X X X X ..... y, Eleventh Edition defines amalgamation as the "act of combining or uniting; consolidation < amalgamation of two small companies to form a new corporation >…" The Companies Act, 2013 does not contain any express definition of amalgamation; it rather outlines and regulates the procedure for amalgamation and spells out its legal effect, which results in extinguishment of the corporate ide ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Section 206 and Section 208 of the Companies Act 1948 can only transfer such rights, powers, duties and property as are capable of being lawfully transferred by a party to the scheme if no such sections of the Companies Act existed. It is not necessary in a scheme to exclude specifically from its operation things incapable of such transfer as general words in the scheme and any order in further ..... X X X X Extracts X X X X X X X X Extracts X X X X
|