INTRODUCTION Amalgamation is a combination of two business entities with the effect of which both the entities loses their identities to for a new entity. The assets and liabilities of both the former entity in such a case is vested with the new entity which is formed. Amalgamation is a legal process by which two or more companies joined together to form a new entity or one or more companies are to be absorbed or blended with another and as a consequence the amalgamating company loses its existence and its shareholders become the shareholders of new company or the amalgamated company. The shareholder of each amalgamating company will get the shares in the new company formed. This acts as the process by which two undertaking vests their control and management in the newly formed company. Eg. X Pvt. Ltd ...
Ignorantia juris non excusat Hence, be aware of laws which governs you.