Amalgamation is said to be in the nature of merger if:
A. All assets and liabilities of transferor company are taken over by the transferee company.
B. Business of transferor company is intended to be carried on by the transferee company.
C. Purchase consideration must be paid in equity shares by the transferee company except for fraction shares.
D. All of the above
A. All assets and liabilities of transferor company are taken over by the transferee company.
B. Business of transferor company is intended to be carried on by the transferee company.
C. Purchase consideration must be paid in equity shares by the transferee company except for fraction shares.
D. All of the above