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Both the transferor and the transferee company shall make an application in the form of petition to the tribunal under section 230232 of the companies act, 20 for the puspose of sanctioning the scheme of amalgamation. Motives for mergers and acquisitions in the banking sector of. In addition, you can organize your files in the order that you. You can use the tool to merge up to 20 pdf files each time. Banks merge in order to get higher income by selling more services to a greater set of customers whereas acquisitions are made for the purpose.
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