https://www.taxtmi.com/acts?id=12779 Central Government may, in the public interest, order amalgamation of companies by notifying an order specifying the resulting company's constitution, property, powers, rights, interests, privileges and liabilities, and may provide for continuation of pending legal proceedings and consequential provisions. Members and creditors are to retain substantially the same rights post-amalgamation; any shortfall must be compensated as assessed by the prescribed authority, subject to appeal to the Tribunal. Draft orders must be circulated for comment, statutory appeal periods concluded, and orders laid before Parliament. en-us Mon, 16 May 2011 17:18:14 +0530 Mon, 16 May 2011 17:18:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12779 Central Government may, in the public interest, order amalgamation of companies by notifying an order specifying the resulting company's constitution, property, powers, rights, interests, privileges and liabilities, and may provide for continuation of pending legal proceedings and consequential provisions. Members and creditors are to retain substantially the same rights post-amalgamation; any shortfall must be compensated as assessed by the prescribed authority, subject to appeal to the Tribunal. Draft orders must be circulated for comment, statutory appeal periods concluded, and orders laid before Parliament. Act-Rules Companies Law Mon, 16 May 2011 17:18:14 +0530 https://www.taxtmi.com/acts?id=12779