alleryStart learning →Under section 41, who is successor in business after a company amalgamation?
ALargest shareholder
BStatutory auditor
CAmalgamating company
DAmalgamated company
Answer & Solution
Correct answer: D. Amalgamated company
Explanation 2 to section 41(1) defines successor in business, on amalgamation of companies, as the amalgamated company.
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