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amalgamation in purchase method

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(Querist)
21 July 2016 hello .. amalgamation in the nature of purchase..while preparing equity share holder AC of selling company whether statutory reserve (investment allowances reserve bal) req. to be shown in dat account if same is given in balance sheet of selling company ? plzz reply
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
23 July 2016 Yes, transfer statutory reserves to equity shareholders a/c

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