An amalgamation is a combination of two or more companies into a new entity.

Amalgamation is distinct from a merger because neither company involved survives as a legal entity. Instead, a completely new entity is formed to house the combined assets and liabilities of both companies.Amalgamation typically happens between two or more companies engaged in the same line of business or those that share some similarity in operations. Companies may combine to diversify their activities or to expand their range of services.

A takeover occurs when one company makes a successful bid to assume control of or acquire another. Takeovers can be done by purchasing a majority stake in the target firm.

Takeovers are also commonly done through the merger and acquisition process.

In a takeover, the company making the bid is the acquirer and the company it wishes to take control of is called the target.

Mergers and Acquisitions in India are principally governed by the following laws and our lawyers work under them:

  • The Companies Act, 2013
  • The Companies Act, 2013
  • The Indian Contract Act, 1872
  • The Specific Relief Act, 1963
  • The Income Tax Act, 1961
  • The Competition Act, 2002
  • The Foreign Exchange Management Act, 1999
  • The Securities and Exchange board of India Act, 1992

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