As per the subject, in case of takeover if the company who's business is takenover by another company has business losses can such losses be carried forward as business loss in the books of company who has taken over the business if so under which section.
16 January 2011
Sir, Here only shares are to be transfered where in new shareholders will takeover the business of the old company so would not be a case of amalgamation
16 January 2011
in such a case, there will only be a change in the shareholding of the company and management of the company. it will not effect the provisions relating to set off and c/f. the provision will apply as if no change has been made.
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