Amalgamation results in the transferor company's corporate identity being extinguished under a registered statutory scheme where applicable. Amalgamation denotes consolidation or absorption of companies into a single entity; dictionaries and authorities describe it as welding or blending that either forms a new company or absorbs one company into another. The Companies Act, 2013 lacks an express definition but prescribes that registration of a scheme effects extinguishment of the transferor company's corporate identity and dissolution without winding-up, subject to the rule that schemes transfer only rights, duties and property lawfully transferable.