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  • Short-form Amalgamation Checklist. Amalgamation Checklist - Short-form Amalgamations 2020

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Procedure for Amalgamation The terms of amalgamation are finalized by the board of directors of the amalgamating companies. A scheme of amalgamation is prepared and submitted for approval to the respective High Court. Approval of the shareholders' of the constituent companies is obtained followed by approval of SEBI.

Amalgamation is the combination of two or more companies into a brand new entity by combining the assets and liabilities of both entities into one. This differs from a traditional merger in that neither of the two companies involved survives as an entity.

A “short-form amalgamation” is an amalgamation between certain affiliated corporations that requires only the approval of the directors. Short-form amalgamations can be either vertical or horizontal.

There are two types of amalgamation, including merger and purchase methods. In both cases, the legal entity of the preexisting companies vanishes, replaced by a new company with combined assets and liabilities.

Short form. Amalgamating corporations may proceed by short-form amalgamation if one corporation is wholly owned by the other (a short-form vertical amalgamation) or if the amalgamating corporations are all wholly owned subsidiaries of the same holding body corporate (a short-form horizontal amalgamation).

There are two types of amalgamation, including merger and purchase methods. In both cases, the legal entity of the preexisting companies vanishes, replaced by a new company with combined assets and liabilities.

A horizontal short-form amalgamation involves two or more wholly-owned subsidiaries of the same holding corporation. The shares of all but one of the subsidiaries will be cancelled as part of the amalgamation with no repayment of capital in respect of those shares.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232