If x co. takes over the shares of y ltd. at Rs. 10 and Y ltd. have some unpaid capital like Rs.5000 and its entire share capital is Rs.100000.
then,which value will be taken for calculating purchase consideration either 100000 or 95000 ?
RAHUL JOSHI (Doing articleship) (229 Points)
03 May 2013If x co. takes over the shares of y ltd. at Rs. 10 and Y ltd. have some unpaid capital like Rs.5000 and its entire share capital is Rs.100000.
then,which value will be taken for calculating purchase consideration either 100000 or 95000 ?
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 03 May 2013
It should be 95000/-. Not sure Write your whole case. here 90 % It must be 95000/-.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
