alleryStart learning →Under s.238(1)(b), every offer must state what steps the transferee has taken about what?
AAvailability of cash
BNaming the new company
CClosing branches
DHiring auditors
Answer & Solution
Correct answer: A. Availability of cash
The offer must disclose steps taken to ensure the necessary cash will be available.
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)(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 howUnder s.236(3), minority shareholders may do what?