I have a query. Suppose a company is taking over the business of another company w.e.f.1.4.09. The High Court Order is passed on 30.6.10.
1. What value of assets and liabilites will be considered, as on 1.4.2009 or as on 30.6.10?
2.VAT no. of old company will get cancelled only on 30.6.10. Sales from 1.4.09 to 30.6.10 will be considered as for old company. How to reconcile this situation?
20 August 2010
the date in the order shall be the date of amalgamation.... the high court would ve passed the order on 30.06.10 but look the content and c wit wat date the amalgamation is effective as per the order
CAclubindia
