amalgamation
This query is : Resolved
11 September 2009
A company is amalgamated with another co. "Appointed date" as per High Court's order is 1/4/2008. For the purpose of facilitating amalgamation the transferor company was made fully owned subsidiary of the transferee company on 10/5/2008. The "effective date" of amalgamation and date of passing order is 26/08/2008. Does that constitute that the transferor co became subsidiary of transferee co before amalgamation?
Guest
Guest
(Expert)
28 September 2009
No.
Appointed date is the deciding factor for relationship status.
Appointed date is the deciding factor for relationship status.
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