If Deepa Ltd. is taken over by Ranbir Ltd. it is called as___________________ *
Answers
Answer:
Ranbir Ltd.
Explanation:
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Answer:
If Deepa Ltd. is taken over by Ranbir Ltd. it is called as ABSORPTION.
Explanation:
Absorption of Company is a method of the business arrangement in which a current company takes over the business of another company or entity. The entity that gets absorbed goes into the liquidation cycle. The instalment for such absorption to the old company can be made either in real money or in shares or a combination of both.
The absorbed company keep on running tasks as it was doing before the absorption and staff keep on working under the new administration. Assuming that any sort of asset is being kept up with for the representatives of the company, it is taken over by the buying company.