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Amalgamation is defined in section 2 (1B) of the income tax act 1961 where "Amalgamation is a union of two or more companies, made with an intention to form a new company". Call us for inquiry at 7249999620.
Amalgamation is defined in section 2 (1B) of the income tax act 1961 where "Amalgamation is a union of two or more companies, made with an intention to make a replacement company."In business, the sole difference being that the surviving entity incorporates the asset base of others into its base. Amalgamation is blending of two or more companies. The shareholders of every company would become the shareholders of the amalgamated company. Amalgamation is an make an appearance of new trend of today's business world. It leads to the formation of a replacement , strong, stable and enormous company. It also leads to the expansion and expansion of this newly formed company. the subsequent are the most purposes that an amalgamation could also be preferred.
A company having vulnerable financial/economic position may prefer an amalgamation with another company so as to secure itself. And the companies may adopt the concept laid down by the proverb, ‘union is strength’, the result of which may be an amalgamation.
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