Companies may choose the “Appointed date” of the merger/amalgamation based on occurrence of an event, which is relevant to the merger between Companies, which also allow them to do their function independently till such event is actually materialised. The Company shall file an intimation (if the Appointed date goes beyond the date of filing ofthe order to the RoC), within 30 days of such scheme come into force to the RoC. The term “Appointed date” shall be deemed to be the “acquisition date” for the purpose of conforming to Ind AS 103 that standard dealing with business combinations.
http://mca.gov.in/Ministry/pdf/GeneralCircular_21082019.pdf
Recent Comments