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A Section 8 (charitable) company can be amalgamated only with:
AAnother Section 8 company having similar objects
BAny company at the discretion of the Tribunal
CA private company only
DA One Person Company
Answer & Solution
Correct answer: A. Another Section 8 company having similar objects
1. Section 8(10) — a Section 8 company may amalgamate only with another Section 8 company having similar objects.
2. Approval of the Regional Director is required.
3. Hence (A).
_Source: ICAI BoS CA Inter Paper 2 — Preliminary_