s 215G Effect of amalgamations
215G. On the date shown in a notice of amalgamation —(a) the amalgamation is effective; (b) the amalgamated company has the name specified in the amalgamation proposal; (c) all the property, rights and privileges of each of the amalgamating companies are transferred to and vest in the amalgamated company; (d) all the liabilities and obligations of each of the amalgamating companies are transferred to and become the liabilities and obligations of the amalgamated company; (e) all proceedings pending by or against any amalgamating company may be continued by or against the amalgamated company; (f) any conviction, ruling, order or judgment in favour of or against an amalgamating company may be enforced by or against the amalgamated company; and (g) the shares and rights of the members in the amalgamating companies are converted into the shares and rights provided for in the amalgamation proposal.