AMALGAMATION V/S MERGER
In the case of Ion Exchange Ltd.2001, Corporate restructuring is one of the means that can be employed to meet the challenges and problems that confront business. The law evolved in merger and amalgamation, which helped to restructure corporate entities without the help of courts and appellate authorities, with the mutual consent of companies, to combine and form a single company. An amalgamation is a process by which two or more companies or corporate entities combine to create a new entity under one umbrella. A merger is a process in which one company absorbs another company. In other words, a merger involves similar businesses or the same area of companies coming together to function. Examples of Merger and Amalgamation In 2018, Idea and Vodafone, the telecom companies, merged to form Vodafone Idea Limited. This Merger created 408 million for both companies. SBI- Associate Bank in 2017 Legal framework In India, amalgamation and mergers are governed by the Companies Act 20...