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amalgamation in the nature of merger

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(Querist)
06 January 2011 how to treat cross holding in case of merger.

Example:two companies A & B will be merged with Company C
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CS Taher

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CS Taher (Expert)
06 January 2011 In case of merger of holding company with 100% wholly owned subsidiary:
The concept of cross holding arises ( ie, the holding company should cancel its investements in subsidiary company or it has to transfer such shares to trust created for this purpose)
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