Is it possible to retain the same characters of various reserves of transferor Companies post amalgamation, mergers or demergers as per Standards of Accounting concepts or conventions ?

Amalgamation may be either in the nature of merger or purchase as per Accounting Standards prescribed. In case of merger, the identity of the Reserves is retained and shall be reflected in the financial statements of the transferee company in the same form in which they appeared in the balance sheet of the transferor company prior to amalgamation. General reserve of the transferor company remains part of general reserve of the transferee company and similarly, capital reserve or revaluation reserve forms part of the Capital or Revaluation Reserve of the transferee company. Consequently, reserves available for distribution of dividends prior to amalgamation would also be available for distribution of dividends post amalgamation. However, in case of purchase only statutory reserves retain the character for the unexpired period.