Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Amalgamation

Save Share

This query is : Resolved

manju (Querist)
Follow

16 April 2010 here i mentioned the situation of section 391 and 394 of the Companies Act, 1956 and AS 14.

Two listed companies under the process of amalgamation, now at the time of annual report finalization at the Board meeting, what they do? whether they show their balance sheet separately? if so, at the time of AGM They will get their order for amalgamaterion then what they do?????

pls. any one can explain me, what are the provisions to be considered and do ????

thanks & regards
vasuki

Rasesh

Rasesh (Expert)
Follow

17 April 2010 When do you expect the order to be received. If you feel that the order will not be received by July (so that you can get the consolidated accounts approved and placed at the Board before Sept), then obtain extension of time to hold AGM upto december.

In amalgamation cases, the ROC generally allows extension of time to hold AGM. Once you get the order and it becomes effective (upon filing Form 21), hold the BM in the transferee company and get the consolidated accounts approved. Hold the AGM before Dec.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now