merger

These two entities are incorporated under two different Acts.

Since the SFC is owes its origi to SFC Act, there would be specific provision in the relevant rules for dissolution of the entity with due approval from competent Govt. and passing of suitable resolution to for taking over of the Assets & Liabilities of the dissolving entity by another Govt. Company, a state PSU.

Similarly, since the State PSU is incorporated under the Companies Act,it's Management will pass suitable resolution for taking over the Assets & liabilities of the dissolving SFC in consonance with the decision taken by the appropriate Govt. and file the required documents with applicable fees in MCA portal for completion of the take over process.