"Sapna Sarda (LLM I ACS), Legal Advisor at Legalogic Consulting,Pune."
Section 3 of Companies Act 2013 (Act) entails the basic requirements of formation of a company. A company, (whether a company limited by shares or a company limited by guarantee or an unlimited company) may be formed for any legal purpose by:
Understanding the meaning of the term Amalgamation The term “Amalgamation” has not been defined under the Companies Act 2013. Basically, amalgamation is an external form of corporate reconstruction where two or more companies combine with each other (Transferor Company) resulting into formation of a new entity (Transferee Company). As per Accounting Standard – 14 (AS-14), […]
