Amalgamation

The decision to amalgamate the companies should be made in accordance with the provisions adopted for the amendment of the Memorandum and Articles of Association of the company, and will only be valid subject to the approval of the Competent Authority specified in the Company Law for that type of company.

The merging of companies can be achieved either by:

1. An acquisition, which may be described as the transferring of assets and liabilities to an existing company
2. Merger through the dissolution of two or more companies and the incorporation of a new company to which assets and liabilities of the merging companies shall be transferred.

1. Amalgamation by acquisition

Firstly, a resolution must be issued to dissolve the company.