One Company having Authorised Capital 10 Lakhs....Can the Company takeover a proprietorship firm having capital 25 lakhs??
vikas Agarwal
(Article & Ca Final Student)
(125 Points)
Replied 01 October 2011
yes '
Becoz It Is Investment
It Had No Impect on Share Capital.Fund Can be Raise from Reserves & Loans.
Pankaj Arora
(Learner)
(3134 Points)
Replied 01 October 2011
When a ltd. Company takeover another ltd company what have to rule regarding transfer of reserve & surplus /c?
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