Merger
This query is : Resolved
13 November 2019
There are Private Limited companies having common directors. One is loss making company (Small Company) and another one is profit making company(Large Company).
Is it possible to merge the profit making company with loss making company i.e.reverse merger for set off the unabsorbed loss accumulated in the loss making company.
Please clarify from the perspective of both Income Tax Act and Companies Act.
Is it possible to merge the profit making company with loss making company i.e.reverse merger for set off the unabsorbed loss accumulated in the loss making company.
Please clarify from the perspective of both Income Tax Act and Companies Act.
26 May 2020
Both way not possible.....................
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