Initiatives By Government

A company is created by law and exists as a person having a distinct personality of its own. The scope of this artificial person is determined by certain parameters. Any work done beyond these documents can lead to winding up of the process of the company. Identify the document that does not determine the scope of the company?

The BIFR declared a government company as a sick industry. The government decided to sell them to the private sector. Gaurav purchased the public company. Identify the type of Acquisition done.