Transcription of Ind AS regime? “Appointed Date” vs “Effective Date” which ...
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Ind AS regime? “Appointed Date” vs “Effective Date” which ...
Paresh Clerk, Partner, BansiS. Mehta & CoBhakti Vaidya, Associate,Bansi Mehta & , theschemesrelating tomergers,amalgamations, and demergers have two important dates, , appointed date andeffective date . The appointed date is understood as the date from which the schemecomes into force (and is usually specified in the scheme of arrangement), and theeffective date is the date when the amalgamation/merger is completed in all respectsafter having gone through the formalities involved and the transferor company havingbeen liquidated by the Registrar of Companies, which is, generally on the approval ofthe High Court and filing the necessary documents thereof with the Registrar ofCompanies. Accounting for amalgamations and demergers has hitherto been governedby Accounting Standard on Accounting for Amalgamations ( AS 14 ).
control of the acquiree is generally the date when the acquirer legally transfers the consideration, and acquires and assumes the assets and liabilities of the acquiree,
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