When A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed, it is a case of:
Amalgamation is the combination of one or more companies into a new entity. An amalgamation is distinct from a merger because neither of the combining companies survives as a legal entity; a completely new entity is formed to house the combined assets and liabilities of both companies. An amalgamation is an arrangement in which: I. The assets / liabilities of two or more firms become vested in another firm. II. As a legal process, it involves joining of two or more firms to form a new entity or absorption of one/ more firms with another. III. The outcome of this arrangement is that the amalgamating firm is dissolved / wound-up and loses its identity and its shareholders become shareholders of the amalgamated firm. Amalgamation is distinct from merger because a merger is a combination of two or more firms in which only one firm would survive and the other would cease to exist, its assets / liabilities being taken over by the surviving firm. A Merger is an arrangement in which the assets /liabilities being taken over by the surviving firm.
Choose the correct combination of grammatically incorrect sentences
I. The company experienced a significant loss in revenue last quarter; hen...
Data jobs are more about skills than big-level qualifications,/ and we have so many successful leaders/ emerged from smaller cities and developing count...
Millets have high protein resilient (A) , are content (B) to climate variations, require (C) less water for irrigation and are ready (D) for ha...
Federal policy on women's health research has evolved by fits and starts .
...Select the most appropriate synonym of the given word.
EVIDENCE
It is obligatory for companies to provide details of their industrial processes.
Identify the highlighted part of speech, choose the correct answer
The campers hid inside the Cabin when they saw the bear.
...Choose the correct combination of grammatically incorrect sentences
I. The rise of digital technologies and the growth of e-commerce have tran...
Supporter Dietrich Eckart, a well-to-do journalist, brought military figure Felix Graf von Bothmer, a pompous supporter of the concept of "national soci...
The impact of the first round of sanctions is (A)/like to be limited, as Western governments are for now (B)/preferring to keep the much larger sanctio...
