Carry forward and set off of losses in the case of certain companies - Section 79

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..... e public are substantially interested), no loss incurred in any year prior to the previous year shall be carried forward and set off against the income of the previous year, unless on the last day of the previous year, the shares of the company carrying not less than 51% of the voting power were beneficially held by persons who beneficially held shares of the company carrying not less than 51% of .....

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..... be applicable for following issues: To a case where a change in the said voting power and shareholding takes place in a previous year consequent upon the death of a shareholder or on account of transfer of shares by way of gift to any relative of the shareholder making such gift To any change in the shareholding of an Indian company which is a subsidiary of a foreign company as a result of amalga .....

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..... ed by the Central Government, under section 242 of the said Act; ii) and a change in shareholding of such company, and its subsidiary and the subsidiary of such subsidiary, has taken place in a previous year pursuant to a resolution plan approved by the Tribunal under section 242 of the Companies Act, 2013 after affording a reasonable opportunity of being heard to the jurisdictional Principal Comm .....

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