The difference between company merger and reorganization;
1, with different concepts. Company merger refers to the legal act that two or more companies form a company by concluding a merger agreement in accordance with the conditions and procedures stipulated in the Company Law. Company reorganization refers to company merger and acquisition, including company merger, company acquisition and company division (division).
2. The emphasis is different. Asset reorganization focuses on the change of asset relationship, while M&A focuses on the transfer of equity and corporate control.
legal ground
Article 172 of the Company Law
Company merger can adopt absorption merger or new merger. A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved.
Article 173
When a company is merged, all parties to the merger shall sign a merger agreement and prepare a balance sheet and a list of assets. The company shall notify the creditors within 10 days from the date of making the merger resolution and make an announcement in the newspaper within 30 days. Creditors may, within 30 days from the date of receiving the notice, or within 45 days from the date of announcement if they have not received the notice, require the company to pay off debts or provide corresponding guarantees.
Copyright statement: Pictures and texts enjoy exclusive copyright, and shall not be copied or reproduced in any form without permission. If found, click Complaint.
Thumbs up
collect
Share to