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meaning

sheik javid (student) (281 Points)

24 May 2018

can anybody clearly explain amalgamated and amalgamating company... I know the meaning of amalgamation...who is amalgamated company and who is amalgamating company

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177726 Points)
Replied 24 May 2018

Amalgamating companies are those two or more companies which willingly unite (combine) to carry on their business activities jointly.

& Amalgamated company is a newly formed union (alliance) of two or more amalgamating companies. It has a separate legal existence with a new unique name.