Explain Consolidaton With Its Types?

Consolidation;
There are two types of consolidations
Partial consolidation
Complete consolidation
The partial consolidation includes
a) Trusts
Trust has been defined as form of business organization established through temporary consolidation in which stock holders of the constituent organization under a trust agreement transfer a controlling amount of their stock to a board of trustees in exchange for trust certificates.

b) Community of interest
In the words of Heney
"Community of interest may be defined as a form of business organization in which without any formal administration, the business policy of several companies is controlled by a group of common stockholders or directors."
c) holding company
It is a form of business organization which is created for the purpose of combining other companies by holding a controlling amount of their stock.
Complete consolidation can take two forms:
1) amalgamation
When we have two or more joint stock companies are fused and each member company loses its separate entity, it is known as amalgamation. The main purpose is to develop a company into a bigger unit for attaining the advantages of large scale production.
2) Merger
In a merger, a joint stock company absorbs one or more than one company. Each of the firms that have been absorbed loses its own identity as a single business unit.