10 September 2010
A Ltd is public ltd company but not listed company. The shareholding pattern of which is as under :- A - 10% B - 10% C - 30% D - 1% E - 1% F - 3% G - 45% If in the above case, shareholder G having 45% holding sales the shares to Z. Can A Ltd carry forward its business losses. if not please give justification.
10 September 2010
as per section 79 if more than 50% of the shareholding changes losses cannot be carried forward. But in the given case it is less than 50% and hence no problem.
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