issue is on 1/4/2008 one company exist, demerger happen on 30.8.2008 and a part of demerged company merge in to another existing company on 1.4.2008, it means resulting company can exist before demerger
vipin kumar CA
(CA)
(194 Points)
Replied 25 September 2009
issue is on 1/4/2008 one company exist, demerger happen on 30.8.2008 and a part of demerged company merge in to another existing company on 1.4.2008, it means resulting company can exist before demerger
Shakya Roy Chowdhury
(student- CA final)
(40 Points)
Replied 27 September 2009
Originally posted by :vipin kumar | ||
" | issue is on 1/4/2008 one company exist, demerger happen on 30.8.2008 and a part of demerged company merge in to another existing company on 1.4.2008, it means resulting company can exist before demerger | " |
vipin, in this case you are not only talking about a demerger, but also a subsequent merger whereby the demerged division of the company merges with some other existing company. this can always happen , but I guess everybody explained rightly that Demerged company cannot be an existing Co. in the light that there is no subsequent merger occuring in the case!
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