Companies law


Greetings Everyone!

My query is in connection with amalgamation u/s.395 i.e. by takeover of shares by the acquiring company.  

I would like to know that does this section contemplates amalgamation of companies without reference to court ; does it means that after complying with all the formalities amalgamation in real sense i.e. vesting of all the assets and liabilities of the transferor company is affected?

 
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