Professional Documents
Culture Documents
IMPLICATIONS
I. INTRODUCTION
II MEANING OF MERGER
U/s 2(1B), 75%, SHs of Tor Co. must become SHs Tee
of Co.
Q. If no Shares?
8.3 Stock-in-trade
16.2 Debtors
16.5 S.43B
16.6 TDs
Example
Interest paid Tor co. to Tee co. from 1st April to 30th
June 2009 & TDS
Merger retrospectively w.e.f. 1st April 2009
Q. What happens to Interest & TDS?