Question

Merger of two companies under bifr supervision is known as

Answer 1

The ‘merger of two companies’ under ‘BIFR supervision’ is known as Arranged Merger.

Explanation:

• The ‘Board for Industrial and Financial Reconstruction’ (BIFR) was set up by the ‘Rajiv Gandhi Government’ in 1987.  

• It is an agency of the ‘Government of India’ which is a part of the Department of Financial Services under the ‘Ministry of Finance’.

• Their objective was to manage the sick companies and to help the companies in reviving before being shutting down.

• The ‘BIFR’ was set up and initiated under the ‘Sick Industrial Companies’.