215C. Manner of approving amalgamation proposal

Question 1

215C. Manner of approving amalgamation proposal

Answer 1

General overview
[215C.01] Before the proposal for amalgamation is put before the members for consideration at a general meeting, the directors must be satisfied that the amalgamation is in the best interest of the amalgamating company. Furthermore, the directors have to make a solvency statement in respect of both the amalgamating companies and amalgamated company: s 215C(2).