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    <title>Power of Central Government to provide for amalgamation of companies in public interest.</title>
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    <description>Central Government may order amalgamation of companies in the public interest into a single transferee company with specified constitution, rights, liabilities and powers; provide for continuation of pending proceedings and necessary supplemental provisions; require protection of members&#039;, creditors&#039; and debenture holders&#039; existing interests or compensation where reduced, with assessments published and subject to appeal to the Tribunal; and mandate draft circulation, consultation, resolution of appeals and laying of orders before Parliament.</description>
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      <description>Central Government may order amalgamation of companies in the public interest into a single transferee company with specified constitution, rights, liabilities and powers; provide for continuation of pending proceedings and necessary supplemental provisions; require protection of members&#039;, creditors&#039; and debenture holders&#039; existing interests or compensation where reduced, with assessments published and subject to appeal to the Tribunal; and mandate draft circulation, consultation, resolution of appeals and laying of orders before Parliament.</description>
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