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Accounting standard 18

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(Querist)
26 August 2011 Hi Please help me on the following query:-

If 'Company A' is in process of getting merged with 'Company B', then before merger will Company A be treated as the Related Party of Company B?

Pls rply, Urgent.
Thanks in advance.
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
26 August 2011 No, it is not necessary
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
26 August 2011 if both company is in the process of merger then Company A treated as the Related Party of Company B as per AS-18.




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