Question

Which section(s) of the company act specify the provisions relating to amalgamation?

• A. $360$ and $362$
• B. $340$
• C. $320$ and $326$
• D. $390$ and $396\left(a\right)$

Answer 1

Answer: (D)

$390$ and $396\left(a\right)$

According to section 390 and 396(a) of the Indian companies act, 2013, amalgamation is defined as a situation in which two or more companies come together to form a new company.