Stock Transfer - merger and amalgamation done under Section 391 ...

Case Laws VAT and Sales Tax

December 25, 2020

Stock Transfer - merger and amalgamation done under Section 391 and 394 of the Indian Companies Act - In the present case the predecessor Company/transferor Company have been succeeded by the Revisionist/ transferee Company who had taken over its business along with assets, liabilities, profits and losses etc. The stock transferred as a result of amalgamation was not a sale requiring issuance of certificate by M/s. Ritesh Vyaapar Ltd. in favour of the Revisionist as per the Exemption Notification of 2016. - HC

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Stock Transfer - merger and amalgamation done under Section 391 ...

Case Laws VAT and Sales Tax

December 25, 2020

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