For amalgamation in the nature of merger, the shareholders holding at least _______or more of the facevalue of equity shares of the transferor company becomes the equity shareholders of the transferee company.

90%

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80%

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100%

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None of these

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Solution

The correct option is A 90%
Shareholders holding not less than 90% of the face value of the equity shares of the transferor company (other than the equity shares already held therein, immediately before amalgamation by the transferee company or its subsidiaries or their nominees) become equity shareholders of the transferee company by virtue of amalgamation.

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