If holding company is amalgamated into subsidiary company (subsidiary company is taking over holding company), what is the treatment for the shares held by holding company of subsidiary?? Can it be cancelled or adjusted against capital reserve??? Given Inter company is to be cancelled as per court order.
Dear Ketan,
With the scheme of amalgamation & court order it can be cancel
Thank you Mishra ji,
But does it require special resolution for decrease in share capital or court order provides the reasonable base ??
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