alleryStart learning →When a company's undertaking moves to an existing company, s.232 calls the scheme what?
AMerger by absorption
BDemerger by sale
CSlump exchange
DReverse takeover
Answer & Solution
Correct answer: A. Merger by absorption
The Explanation calls transfer to another existing company a merger by absorption.
Keep practising Compromises, Arrangements and Amalgamations
Browse all Compromises, Arrangements and Amalgamations questions for CA Final, or explore more Law topics.
Related questions
Under s.240, liability of officers in default for offences before a merger does what afterUnder s.238(1)(b), every offer must state what steps the transferee has taken about what?Under s.238(1)(c), a circular offering a share transfer scheme must be presented to whom fUnder s.237(3), a member whose rights in the transferee company are less is entitled to whEach section 237 order must be laid before whom after being made?A person aggrieved by compensation assessed under s.237(3) appeals to whom within 30 days?Who may notify an order for amalgamation in public interest under s.237?Under s.236(7), the right of heirs of a deceased minority holder to sell continues for how