Hareesh H Sharma (Cleared IPCC..now article) (894 Points)
04 November 2009How will u differentiate difference bw amalgamation by merger and purchase in a ques???
Am in doubt because un certain ques even when cash consideration is given its treated as merger.Doesnt AS 14 specify that only fractional shares should be paid in cash in case of merger..Please do help
Ashish Ojha
(Chartered Accountant)
(469 Points)
Replied 07 November 2009
Yes, Cash should be given only for fractional Payments..
I think u should check ur Questions again because otherwise it will be an amlgamation in the nature of purchase
CAclubindia
