Still Learning (cs) (234 Points)
25 June 2014Hello All,
One of our companies is getting amalgamated with the other. Do we arrange for a name plate for that company under section 12 of the new Act or is it ok if we do not, as that company will soon get amalgamated and will no longer be in existence. It is quite possible that the proceeding wil take another 2 months. As a CS in employment , what should be my stand/ what should I advise my company?
Thanks & Regards.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 25 June 2014
The transferor company will get dissolved after the amalgamation scheme becomes effective. However, till such time the company is in existence and hence compliance of Sec.12 is mandatory.
CAclubindia
