Discuss the nature of Jammu and Kashmir Legislative Assembly after the Jammu and Kashmir Reorganization Act, 2019.

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(a) Sun Ltd and Moon Ltd were amalgamated on and from April 01, 2019. A new company called Black-Hole Ltd was formed to take over the business of the above two companies. The balance sheets of Sun Ltd and Moon Ltd as on March 31, 2019 are given below (Rs. in lakhs): Particulars | Sun Ltd | Moon Ltd - (A) Liabilities: (i) Share Capital: Equity shares of Rs.100 each: 2,000 | 1,600; 15% preference shares of Rs.100 each: 800 | 600; (ii) Revaluation Reserve: 200 | 160; (iii) General Reserve: 400 | 300; (iv) Surplus Account: 160 | 120; (v) 12% Debentures of Rs.100 each: 192 | 160; (vi) Current Liabilities: 408 | 190; Total: 4,160 | 3,130. (B) Assets: (i) Fixed Assets: 2,400 | 2,000; (ii) Current Assets, Loans and Advances: 1,760 | 1,130; Total: 4,160 | 3,130. Additional Information: (1) Preference shareholders of Sun Ltd and Moon Ltd have received the same number of 15% preference shares of Rs.100 each in the new company. (2) 12% Debentures of Sun Ltd and Moon Ltd are discharged by the new company by issuing adequate number of 16% Debentures of Rs.100 each to ensure that they continue to receive the same amount of interest. (3) Black-Hole Ltd has issued 1.5 Equity shares for each Equity share of Sun Ltd and 1 Equity share for each Equity share of Moon Ltd. The face value of shares issued by Black-Hole Ltd is Rs.100 each. You are required to prepare the balance sheet of Black-Hole Ltd as on April 01, 2019 after the amalgamation has been carried out using the 'Pooling of Interest Method'.