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Indian Laws - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Transfer of property / assets - with the merger of property also ...


Petitioner Acquires Sharpedge Property in Merger, but Share Transfers Don't Equal Asset Transfers.

May 16, 2019

Case Laws     Indian Laws     HC

Transfer of property / assets - with the merger of property also vested with the petitioner along with other assets of Sharpedge. This clearly amounted to transfer of the subject property - But in case of transfer of shares / dilution of the share capital by the shareholders cannot be held as transfer of assets of company to another.

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