sunil prakash jain (Sr.manager) (101 Points)
03 September 2011Pursuanat to the scheme of De merger, a private limted company has to issue shares to the memebers of de merged Company. At the time of filing of F-2, if we put NO for column Whether an agreement or contract is executed in writing for alloting shares for consideration otherwise than in cash, system ask for filing of F-3.
In case of de merger, both F-2 & F-3 has to be filed.
Thanks
Sunil
VISHNU PRIYA
(Student)
(38 Points)
Replied 03 September 2011
Hi sir,
It is not necessary to file both F 2 & F3 in case of demerger.
For the question- Whether an agreement or contract is executed in writing for alloting shares for consideration otherwise than in cash, Choose YES and attach in the F2 the Highcourt Order for the Demerger and the Scheme of arrangement between the Companies.
This itself will constitute for the agreement made in writing.
Hope you'll find this information useful.
CAclubindia
