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Companies Act, 2013

Section - 378ZN - Amalgamation, merger or division, etc., to form new Producer Companies

PART IX

AMALGAMATION, MERGER OR DIVISION

Amalgamation, merger or division, etc., to form new Producer Companies.

378ZN. (1) A Producer Company may, by a resolution passed at its general meeting,-

(a)-decide to transfer its assets and liabilities, in whole or in part, to any other Producer Company, which agrees to such transfer by a resolution passed at its general meeting, for any of the objects specified in section 378B;
(b)-divide itself into two or more new Producer Companies.
(2) Any two or more Producer Companies may, by a resolution passed at any general or special meetings of its Members, decide to-

(a)-amalgamate and form a new Producer Company; or
(b)-.... To read the full section download the app from Google Play store

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