Dear Experts,
I have a query relating to merger and subsequent filing of financial results.
Two companies in a same group is waiting order for merger from NCLT. Most probably it will come in the month of June.Effective date of merger as per scheme is 01st April, 2017.
So if the order will recived in June,2018
1.Whether Independednt audit is required to be conducted for Tansferor Company for the f.y.2017-18? or whether consolidated/combined balance sheet as on March 2018 is enough to approve in the AGM of Transferee Company?
CAclubindia
