11 September 2009
A company is amalgamated with another co. "Appointed date" as per High Court's order is 1/4/2008. For the purpose of facilitating amalgamation the transferor company was made fully owned subsidiary of the transferee company on 10/5/2008. The "effective date" of amalgamation and date of passing order is 26/08/2008. Does that constitute that the transferor co became subsidiary of transferee co before amalgamation?
Guest
Guest
(Expert)
28 September 2009
No.
Appointed date is the deciding factor for relationship status.
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