Procedural aspects including documentation for mergers and amalgamations

THAKRAL, SURESH KUMAR

Procedural aspects including documentation for mergers and amalgamations - 2013 - 51-58

Merger is the fusion or absorption of one company by another, one of the two existing companies mergers its identity into another existing company and amalgamation is a legal process in blending of two or more existing undertakings into one undertaking. Mergers and amalgamations have variou benefits e.g. synergy, economics of scale, reduction in production cost and other expenses. To effect the amalgamation different ways can be adopted like transfer of undertaking by order of High Court,purchase of sahre of one company by another company, amalgamation in national interest and under section 494 of Companies act, 1956

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