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Stoichiometry

When two or m...

Question

When two or more existing companies combine, together to form a new company, it is ____________.

A

Absorption

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B

Amalgamation

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C

Reconstruction

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D

Merger

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Solution

The correct option is A Amalgamation
As per Indian companies act, 2013, when two or more companies combine to form a new company, it is called as amalgamation. It is basically done to increase cash resources, to decrease competition etc.

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