Loss availment in case of take over
This query is : Resolved
09 June 2023
A private limited company had decided to take over an llp which have huge amount of carry forwarded losses. In this case, is the private limited company can avail the loss of llp
10 June 2023
No, it's not allowed.
You may Refer Section 79. According to the Section if 51% of the shareholders are not the same, carry forward of losses will not be allowed.
You may Refer Section 79. According to the Section if 51% of the shareholders are not the same, carry forward of losses will not be allowed.
10 June 2023
Is this case the private limited have 51% stake in LLP
10 June 2023
LLP merger with company is not allowed. In case of merger only carry forward of loss of LLP allowed.
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