Can anyone tell me in demerger whether the resulting company should be newly incorporated or should be in existence from earlier period?
Menu
Demerger
Replies (2)
Resulting Co can be either be a newly incorporated company or a company in existence from earlier period.
Preferably, the reulting co (newly incorporated company) shall come into existance (incorporated) before filing the Scheme of demerger with the High Court.
Thanks for the reply virag... But an advocate had told me that the resulting company should be incorporated at least six months before the demerger.
Recent Threads
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
- ITR -property dealer
- Warehouse Registration, Whether mandatory?
- Time limit for claiming Input GST credit
- Gst rate and Sac code or RCM attract
- Poll: Do you spend > 30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
Related Threads
CAclubindia
