carry forward loss
This query is : Open
27 June 2011
Can two clearing forwarding service private limited companies amalgamate, since it is not an undertaking u/s72A
whether an existing clearing forwarding agency(Pvt ltd company) can take the loss of another clearing forwaring agency( private limited company).
Can two clearing forwarding service private limited companies amalgamate, since it is not an undertaking u/s72A
whether an existing clearing forwarding agency(Pvt ltd company) can take the loss of another clearing forwaring agency( private limited company).
CA PARAS BAFNA
(Expert)
28 June 2011
In my view , there is no such restriction exist in case of amalgamation that the amalgamated company can not c/fd the losses of amalgamating company.
For amalgamation a scheme of amalgamation is required to be approved by the court, as I know.
Please take the opinion of other experts also.
For amalgamation a scheme of amalgamation is required to be approved by the court, as I know.
Please take the opinion of other experts also.
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