https://www.taxtmi.com/acts?id=17534 Central Government may, by notified order, provide for amalgamation of two or more companies in the public interest into a single transferee company with specified constitution, rights, liabilities and powers; the order may provide for continuation of pending legal proceedings. Members and creditors are to retain substantially the same interests or be paid compensation assessed by the prescribed authority and published in the Official Gazette, with an appeal against such assessment to the Tribunal within the statutory period. Orders require prior draft circulation, completion of appeal and consultation steps and must be laid before Parliament. en-us Sat, 02 Mar 2013 14:21:19 +0530 Thu, 11 Dec 2025 16:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17534 Central Government may, by notified order, provide for amalgamation of two or more companies in the public interest into a single transferee company with specified constitution, rights, liabilities and powers; the order may provide for continuation of pending legal proceedings. Members and creditors are to retain substantially the same interests or be paid compensation assessed by the prescribed authority and published in the Official Gazette, with an appeal against such assessment to the Tribunal within the statutory period. Orders require prior draft circulation, completion of appeal and consultation steps and must be laid before Parliament. Act-Rules Companies Law Sat, 02 Mar 2013 14:21:19 +0530 https://www.taxtmi.com/acts?id=17534