Amalgamation of companies

Vikrant Ashok Maheshwari (Management Trainee) (45 Points)

29 January 2013  

Say, there are two companies, viz., A Ltd. and B Ltd.

A petition was filed in the High Court for amalgamation of B Ltd in A Ltd with effective date as 01/04/2011. The petition is still pending. 

Meanwhile, the Income Tax Return Filing and annual ROC Compliances have been made for both the companies. Now, after the Court's order how shall A Ltd deal with the matters of B Ltd in context of Books of Accounts, Income Tax Returns and ROC Compliance, since, the effective date of Merfer is almost 2 years prior to the Court's prospective order?