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    <description>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&#039;s corporate identity and dissolution without winding-up, subject to the rule that schemes transfer only rights, duties and property lawfully transferable.</description>
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