01 October 2007
is this right in poolin interest method in amalgamation that transferor have transfer reserve & surplus in his book to share holders as it is ultimately transfer to transfaree company and amalgamated in his books how could it be ?
01 October 2007
In PIM : Non statutory Reserves like Capital or Revenue Reserves should be recorded at their existing carrying amounts. Because Dividend can be declared after Amalgamation also.
CAclubindia
