Companies may enter the scheme of arrangement (variation of rights with its shareholders/creditors) for various business reasons. Said event is also known as business reorganization, restructuring or reconstruction. The demerger is one such form. The company may demerge a certain division(s) or product line(s) to an existing company or a new company
Source Taxguru
Latest Posts in "India"
- India to Impose New Health and Security Tax on Tobacco Machinery, Amend GST Compensation Levy
- Punjab Trade, Tax Bodies Threaten Statewide Stir Over Delayed VAT, GST Refunds
- Briefing Document & Podcast: E-Invoicing and E-Reporting in India
- Meghalaya Extends VAT Exemption on Fruit Wine to 10 Years, Boosting Local Wine Industry
- Allahabad HC: Arbitrary GST Registration Cancellations Without Reasons Amount to ‘Economic Death’ for Businesses
