Accounting standard 18
This query is : Resolved
Chitra Nair
(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.
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.
CA. Anoop Gadia
(Expert)
26 August 2011
No, it is not necessary
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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