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Liquidation of companies

In illustration 5 , does this indicate the company is being bought by another company ?

Attachments

20200916_233037.jpg

Swathi Krishna

CA Inter

★ 7K+

16-Sep-20 23:31

Answers (4)

Yes

Suraj Lakhotia

Admin

17-Sep-20 11:52

So What does this 'debenture on Mltd.' ? Shouldn't it be debentures of 'purchasing company'?

Attachments

20200917_115454.jpg

Swathi Krishna

CA Inter

★ 7K+

17-Sep-20 11:56

So What does this 'debenture on Mltd.' ? Shouldn't it be debentures of 'purchasing company'?

Yes.

Suraj Lakhotia

Admin

17-Sep-20 16:03

Thanks sir

Swathi Krishna

CA Inter

★ 7K+

18-Sep-20 18:58

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