note preview

UNIT I AMALGAMATION ABSORPTION AND EXTERNAL RECONSTRUCTION Amalgamation When two or more existing companies combine together to form a new company, it is amalgamation. All the combining companies are liquidated. A new company is floated to take over their business. Absorption When one existing company takes over the business of one or more existing companies, it is absorption. The companies whose business is taken over are liquidated. No new company is formed. External Reconstruction When an existing company is liquidated and a n

AMALGAMATION ABSORPTION AND EXTERNAL RECONSTRUCTION

Free
Share:
This document contains detailed info on fundamentals, concept and explanation of various terms and definitions required to perfect knowledge in this d