amalgamation company is governed by......
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The terms of amalgamation are finalized by the board of directors of the amalgamating companies. A scheme of amalgamation is prepared and submitted for approval to the respective High Court. Approval of the shareholders' of the constituent companies is obtained followed by approval of SEBI.
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Mergers and amalgamations are regulated under the provisions of the Companies Act, 1956 whereas takeovers are regulated under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations
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