Question

Shareholders holding not less than _________ % of the face value of the equity shares of the transferor company (other than the equity shares already held therein, immediately before the amalgamation, by the transferee company or its subsidiaries or their nominees) become equity shareholders of the transferee company by virtue of the amalgamation.

Q: Answer-Shareholders holding not less than _________ % of the face value of the equity shares of the transfe...

Shareholders holding not less than 90 of the face value of the equity shares of the transferor company other than the equity shares already held therein, immediately before the amalgamation, by the transferee company or its subsidiaries or their nominees become equity shareholders of the transferee company by virtue of the amalgamation.