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In the context of a scheme of merger or amalgamation, what does a "declaration of solvency" refer to?
  • a)
    A declaration of assets and liabilities of the transferor company
  • b)
    A declaration of goodwill and valuation of assets
  • c)
    A declaration of financial independence by the transferor company
  • d)
    A declaration indicating the company's ability to pay off its debts
Correct answer is option 'D'. Can you explain this answer?
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In the context of a scheme of merger or amalgamation, what does a &quo...
A "declaration of solvency" in the context of a scheme of merger or amalgamation is a declaration made by each of the companies involved, indicating their ability to meet their respective financial obligations and pay off their debts. This declaration is filed with the Registrar as part of the procedural requirements for the scheme.
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In the context of a scheme of merger or amalgamation, what does a "declaration of solvency" refer to?a)A declaration of assets and liabilities of the transferor companyb)A declaration of goodwill and valuation of assetsc)A declaration of financial independence by the transferor companyd)A declaration indicating the company's ability to pay off its debtsCorrect answer is option 'D'. Can you explain this answer?
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In the context of a scheme of merger or amalgamation, what does a "declaration of solvency" refer to?a)A declaration of assets and liabilities of the transferor companyb)A declaration of goodwill and valuation of assetsc)A declaration of financial independence by the transferor companyd)A declaration indicating the company's ability to pay off its debtsCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about In the context of a scheme of merger or amalgamation, what does a "declaration of solvency" refer to?a)A declaration of assets and liabilities of the transferor companyb)A declaration of goodwill and valuation of assetsc)A declaration of financial independence by the transferor companyd)A declaration indicating the company's ability to pay off its debtsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In the context of a scheme of merger or amalgamation, what does a "declaration of solvency" refer to?a)A declaration of assets and liabilities of the transferor companyb)A declaration of goodwill and valuation of assetsc)A declaration of financial independence by the transferor companyd)A declaration indicating the company's ability to pay off its debtsCorrect answer is option 'D'. Can you explain this answer?.
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