TMI BlogDemerger of a private Ltd companyX X X X Extracts X X X X X X X X Extracts X X X X ..... Demerger of a private Ltd company X X X X Extracts X X X X X X X X Extracts X X X X ..... e of demeger resulting company has been incorporated. Appointed date of demerger is 1st April 2020 Application will be filed before NCLT in first week of May 2020 after preparing Balance sheet as o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 31st March 2020 My query is that can a resulting company commenced operation on the strength of application filed or have to wait till the sanction is passed by NCLT Reply By DR.MARIAPPAN GOVINDAR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AJAN:
The Reply:
In my view sanction of NCLT is required. X X X X Extracts X X X X X X X X Extracts X X X X
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