Amalgamation

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....s that merge are called amalgamating companies, while the company that survives or is newly formed is called the amalgamated company. Essential Conditions of a Valid Amalgamation • Transfer of all property (Clause a) - All property of the amalgamating company must automatically become the property of the amalgamated company by virtue of the merger. • Transfer of a....

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....Amalgamation", in relation to companies, means the merger of one or more companies with another company or the merger of two or more companies to form one company as the amalgamated company in such a manner that- (i) all the property of the amalgamating company or companies immediately before the amalgamation becomes the property of the amalgamated company by virtue of the amalgamation; ....