Urgent Please

Pvt ltd 696 views 3 replies
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Learner
3134 Points Joined September 2009

 

Dear All

Please let me know the takeover of company rules how to transfer assets and liabilities in transferor company. Suppose ABC Co. have following assets and liabilities and now BPL is going to takeover of ABC Co. than what amount will BPL pay to ABC Co for takeover. because assets = liabilities?

Could you please tell me any method for calculation

Share Capital – 6000         Fixed Assets – 5000

Loans & Liability – 1500   Current Assets - 8000

Current Liability – 5500

                   ---------------------                   -------------------

                       13000.00                            13000.00

                  ----------------------                  ---------------------

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On 22 December 2010 at 14:23 Report
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Landmark Group
23512 Points Joined July 2007

13000-1500-5500 = 6000 is the net asset value and value per share will be 6000/ no. of eq shares

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On 22 December 2010 at 15:04
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Chartered Accountant
173 Points Joined October 2009

There are two methods:-

First as answered by prakash sir.

Secondly we can say share holders fund i.e. share capital Rs.6000 

Thus share of Rs.6000 will be payable to shareholders of company ABC by BPL co.

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On 28 January 2011 at 18:09
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Company Secretary in Practice
173 Points Joined January 2011

Hi,

the most practicle way is at the value mutually agreed by the parties concerned.

The other way to value the shares is as per CCI guidelines.

Regards

CS Ashwini Kumar

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On 28 January 2011 at 18:49


CCI Pro

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