30 July 2010
Now due to merger, in ROM of XYZ ltd, name of PQR will be stated, which is called transposition of shares(No actual transfer of shares).
In case of allotment of shares to the PQR & DEF, if all the conditions stated in Section 81(1) is statisfied than Section 81 will apply otherwise you need to allot shares as per Section 81(1A).