Sec $494$ of the Companies Act $1956$ facilitates ____________________.

Amalgamation

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Absorption

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External reconstruction

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All of these

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Solution

The correct option is C All of these
Section 494 in The Companies Act, 1956. 494. Power of liquidator to accept shares, etc., as consideration for sale of property of company
(2) Any sale or arrangement in pursuance of this section shall be binding on the members of the transferor company.

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