Merger
manoj
(Querist) 18 September 2013
This query is : Resolved
1.merger scheme approved.
2.meeting waived.
3.Rd noc pending
4.meantime affidavit filed of RD queries to high court by petitioner pending reply by RD.
5.Now in final stage,some mistake found in valuation which is technical or typographical error.That Goodwiil added with valuation of Transferee Company with book value under average profit method out of three method applied.Goodwill value is correct under this method.But there is some error in other two method(super profit & capitalised method) which is just disclosure.Shareholder have approved average profit method.
My question is , is this mistake cancell the merging process or alter the exchane ratio?
Or this can be fixed by calling EGM or filing correct supplementry affidavit before final verdict ?
R.K Nanda
(Expert) 18 September 2013
consult ur LA.
