5) A company into which the vendor company is merged is called a) Transferor Company b) Transferee Company c) Selling Company d) Vendor Company
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நான் ஒரு மாநிலத்தின் முதலமைச்சர் கலைஞர் அவர்கள் தலைமையில் டிசம்பர் மாதம் பயிற்சிக்காக இந்தியா
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Concept :
A merger unites two or more businesses to form a new organisation. A merger and an amalgamation are not the same thing because neither business exists as a separate legal entity. Instead, a brand-new organisation is created to hold the merged assets and obligations of the two businesses. Even when a new company is formed, the term amalgamation has typically lost favour in the United States and been replaced with merger or consolidation. But nations like India continue to utilise it frequently.
Explanation:
- Transferee employer method any employer or body corporate established inside the Islands or in another jurisdiction.energy to accumulate shares of dissentient shareholders88.
- When a plan or agreement regarding the transfer of shares or any class of stock in a company (referred to in this section as "the transferor enterprise") to another organisation, whether or not that organisation is an agency within the meaning of this Act (referred to in this section as "the transferee corporation"), has, within 4 months of the making of the offer in that regard by the transferee corporation, been approved by the holders of no more than a majority of the shares of the transferor enterprise.
- When such notice is given, the transferee company shall be entitled and sure to acquire those shares at the terms on which under the scheme or settlement the stocks of the approving shareholders are to be transferred to the transferee employer, unless on an application made by the disapproving shareholder within one month of the date on which the notice became given, the court thinks fit to order otherwise.
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