JUST WANT 2 CONFIRM IF IN THE QUESTION IT IS WRITTEN THAT M LTD. & N.LTD DECIDE 2 AMALGAMATE INTO K LTD.WILL IT BE MERGER OR PURCHASE.
I THINK IT IS MERGER.
& IF THERE IS A QUESTION THAT M LTD.TAKES OVER N LTD.WILL IT BE PURCHASE OR MERGER.
I THINK IT IS PURCHASE.
PL.HELP A.S.A.P.
THNX A LOT.
Aksh*t only this will not clarify whether the transaction is in the nature of merger or purchase this will be clear from the settlement terms for discharging purchase consideration please read condition to be satisfied for to treat the amalgamation in the nature of merger given in AS -14.
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