A merger or amalgamation combines two or more companies. The transferor company’s assets, liabilities and employees vest in the transferee company, and the transferor is dissolved without winding up.
A demerger transfers one or more undertakings of a company to another company, which may be existing or newly formed, under a scheme of arrangement sanctioned by the NCLT under Sections 230–232 of the Companies Act, 2013.
A company that has not carried on business for two immediately preceding financial years, or has not commenced business within one year of incorporation, can apply to the Registrar to have its name struck off under Section…