Section 232 (3)(h) of Companies Act, 2013 says that in a merger of a listed company into an unlisted company (surviving entity being the unlisted co.), the unlisted company remains unlisted unless it gets listed.
My question is: Whether in a merger of an unlisted company into a listed company (surviving entity being the listed co.), the listed company becomes unlisted automatically? Any provision to support your answer?
Thanks.
CAclubindia
