Section 250: Effect of certificate of amalgamation

250. Effect of certificate of amalgamation (1) An amalgamation shall be effective on the date shown in the certificate of amalgamation. [Issue 5] C35 – 150 Revised Laws of Mauritius (2) Where the name is the same as one of the amalgamating companies, the amalgamated company shall have the name specified in the amalgamation proposal. (3) Subject to subsections (4) and (5), the Registrar shall remove from the register all the amalgamating companies, other than the amalgamated company retained under subsection (2). (4) The property, rights, powers, and privileges of each of the amalgamating companies which have been removed from the register under subsection (3) shall continue to be the property, rights, powers and privileges of the amalgamated company. (5) The amalgamated company shall continue to be liable for all the liabilities and obligations of each of the amalgamating companies and all pending proceedings by, or against, an amalgamating company shall be continued by, or against, the amalgamated company. (6) A conviction, ruling, order, or judgment in favour of, or against, an amalgamating company may be enforced by, or against, the amalgamated company. (7) Any provisions of the amalgamation proposal that provide for the conversion of shares or rights of shareholders in the amalgamating companies shall have effect according to their tenor.