📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      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.
      A 50 Correct Answer Incorrect Answer
      B 70 Correct Answer Incorrect Answer
      C 90 Correct Answer Incorrect Answer
      D 95 Correct Answer Incorrect Answer

      Solution

      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.

      Practice Next
      More Accounts Questions

      Relevant for Exams:

      ask-question