If x co. takes over the shares of y ltd. at Rs. 10 and Y ltd. have some unpaid capital like Rs.5000 and its entire share capital is Rs.100000.
then,which value will be taken for calculating purchase consideration either 100000 or 95000 ?
1 Replies
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 03 May 2013
It should be 95000/-. Not sure Write your whole case. here 90 % It must be 95000/-.
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