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AMALGAMATION OF COMPANIES

Accountancy

Why cash and bank will be transfered to transferee company

MANOJ KUMAR

CA Inter

★ 0

19-Mar-23 11:02

350

Answers (3)

It is not mandatory. Generally when companies are taken over in full, all assets and liabilities are transferred. Shareholders are discharged by issuing fresh shares or by payment.

CA Suraj Lakhotia

Admin

20-Mar-23 09:46

How we know whether cash and bank transfer to transferee company or not sir. Is any point mentioned for not transfer of cash&bank.

Thread Starter

MANOJ KUMAR

CA Inter

★ 0

20-Mar-23 11:23

Thread Starter

MANOJ KUMAR

How we know whether cash and bank transfer to transferee company or not sir. Is any point mentioned for not transfer of cash&bank.

The question would mention whether all assets are transferred or all assets except cash and bank.

CA Suraj Lakhotia

Admin

22-Mar-23 15:33