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    Question

    In relation to Amalgamation, which of the following

    statements is INCORRECT?
    A In amalgamation, two or more companies are wound up and a new company is formed to take over their business. Correct Answer Incorrect Answer
    B In amalgamation, only one resultant company is formed. Two companies are wound up to form a single resultant company. Correct Answer Incorrect Answer
    C In amalgamation, an existing company takes over the business of one or more existing companies. Correct Answer Incorrect Answer
    D Amalgamation is done to cut competition and reap the economies on a large scale. Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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