A resolution of merger shall be issued by agreement of the companies wishing to merge pursuant to the terms and conditions prescribed for amendment of the Constitutive Documents without following liquidation procedures. The agreement must state the names of such companies, sufficient data about them and the name of the company that will result from the merger, and the rates on the basis of which the shares will be exchanged and the conditions of distributing them. In all circumstances, the resolution of merger shall not be effective until the approval of the Concerned Body is obtained, according to the form to which the company is converted and its registration with the Registrar.
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