Question

When a company acquires all the assets and liabilities of the companies concerned the arrangement is termed as​

Answer 1

Explanation:

Amalgamation

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Answer 2

Amalgamation

Explanation:

When a company acquires all the assets and liabilities of the companies concerned the arrangement is termed as Amalgamation.

Definition of Amalgamation

An amalgamation is a combination of two or more companies into an entirely new business entity. Amalgamation is different from a merger because no company involved survives as a legal entity. Instead, a completely new entity is formed to house the combined assets and liabilities of both companies.  

The term amalgamation has generally become unpopular use in the United States, being replaced with the terms merger or consolidation. But it is still in use in countries such as India.