DEMERGER

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Divya sharma (Querist)
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13 August 2010 DEMERGER IS APPROVED BY HIGH COURT. APPROVAL IS GRANTED IN OCT 09 AND APPOINTED DATE IS 1/04/2009. NOW ENTRY FOR DEMERGER IN THE BOOKS OF DEMERGED COMPANY TO BE PASSED IN THE M/O OCT WHEN APPROVAL GRANTED OR IN BACK DATE ON APPOINTED DATE AND BALANCE TO BE TAKEN FOR ASSETS AND LIABILITIES STANDING IN BOOKS ON APPOINTED DATE OR APPROVAL DATE. IF APPOINTED DATE THAN WHAT TREATMENT FOR TRANSACTIONS DONE B/W PERIOD APRIL TO OCTBER. SEPARETE JV NEED TO BE PASSED. WHAT SHOULD BE DONE.
KINDLY LET ME KNOW ASAP
I WILL REALLY BE OBLIGED.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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13 August 2010 If the appointed date of the demerger is w. e. f. 01.04.2009 then all the accounting of the demerged unit will be done in the new company and all the sales, purchases and profits w. e. f. 01.04.2009 will be transferred to the demerged unit.

Divya sharma

Divya sharma (Querist)
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13 August 2010 THANX BUT MY PROB IS KI KAB ENTRY BOOKS MEIN PASS KARU IN OCT OR IN APRIL OR 1 IN APRIL AND OTHER IN OCT AND FIGURES STANDING AS ON APPOINTED DATE

Aditya Maheshwari

Aditya Maheshwari (Expert)
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13 August 2010 Whichever way suits you till the time the end result is same.

You can transfer all the balances in october itself and in effect it should not effect the trading result of the company.

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