Amalgamation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2010
Dear Sir,
I have a query. Suppose a company is taking over the business of another company w.e.f.1.4.09. The High Court Order is passed on 30.6.10.
1. What value of assets and liabilites will be considered, as on 1.4.2009 or as on 30.6.10?
2.VAT no. of old company will get cancelled only on 30.6.10. Sales from 1.4.09 to 30.6.10 will be considered as for old company. How to reconcile this situation?
I have a query. Suppose a company is taking over the business of another company w.e.f.1.4.09. The High Court Order is passed on 30.6.10.
1. What value of assets and liabilites will be considered, as on 1.4.2009 or as on 30.6.10?
2.VAT no. of old company will get cancelled only on 30.6.10. Sales from 1.4.09 to 30.6.10 will be considered as for old company. How to reconcile this situation?
20 August 2010
the date in the order shall be the date of amalgamation.... the high court would ve passed the order on 30.06.10 but look the content and c wit wat date the amalgamation is effective as per the order
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
