Kamal Gupta (Chartered Accountant) (74 Points)
01 February 2012Can anybody help me out :
What is the difference in the terms Acquistion and Amalgmation??
Whether AS 14 applicable to both acusitions and amalgmation??
Does the acquired Company gets dissolved in Acquistion??
Does the amalgamated company gets dissolved in the amalgamation??
rohit
(student)
(360 Points)
Replied 01 February 2012
Acquisition refers to take over of one company by the other.
Amalgamation refers to a situation where two existing companies combine together to form a new company or one company gets combined with another existing company.
AS 14 applies to Amalgamation
CAclubindia
