When a parent company is acquiring shares of another company, at what point does the parent company assume the legal liability of the child company?
2 Answer(s)
MVSK
As on the Date of Acquisition if the Risk and Reward is Transfered to the Parent Company then the legal Obligations are to set to borne by the Parent Company.For More reference Please Refer to Comapanies Act 1956
Nov 17 2013 11:10 AM
Muhammad
are you asking from a legal point of view or from an accounting perspective?
May 15 2014 12:50 PM