AKSHIT MALHOTRA (C.A Final Student) (1337 Points)
01 November 2011JUST WANT 2 CONFIRM IF IN THE QUESTION IT IS WRITTEN THAT M LTD. & N.LTD DECIDE 2 AMALGAMATE INTO K LTD.WILL IT BE MERGER OR PURCHASE.
I THINK IT IS MERGER.
& IF THERE IS A QUESTION THAT M LTD.TAKES OVER N LTD.WILL IT BE PURCHASE OR MERGER.
I THINK IT IS PURCHASE.
PL.HELP A.S.A.P.
THNX A LOT.
GOPAL AGGARWAL
(DOING NOTHING)
(1339 Points)
Replied 01 November 2011
Aksh*t only this will not clarify whether the transaction is in the nature of merger or purchase this will be clear from the settlement terms for discharging purchase consideration please read condition to be satisfied for to treat the amalgamation in the nature of merger given in AS -14.
CAclubindia
