Question

in which nature is equity shareholders holding 90% equity shares in transferor company become shareholders of transferee company.​

Answer 1

Answer:

Shareholders holding not less than 90% of the face value of the equity shares of the transferor company (other than the equity shares already held therein, immediately before amalgamation by the transferee company or its subsidiar­ies or their nominees) become equity shareholders of the transferee company by virtue of amalgamation.