DEMERGER
This query is : Resolved
07 May 2009
A COMPANY PURCHASED A LAND IN A STATE OTHER THAN THE STATE IN WHICH COMPANY IS REGISTERED FOR INSTALLATION MANUFACTURING PLANT, DUE TO RECESSION COMPANY CANCELLED ITS PLAN AND NOW WANTS TO SPLIT THE COMPANY INTO 2 PARTS, WHETHER DEMERGER IS SUGGESTED IN TNIS CASE IF SO WHAT IS THE PROCESS OF DEMERGER
08 May 2009
Jus pass a resolution u/s 293(1)a sale of undertaking. easiest way
or
go for demerger easy process if closely held co. but time consuming.
or
go for demerger easy process if closely held co. but time consuming.
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