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Merger of trust in case of amalgamation of companies

Brief Overview

When amalgamation of companies takes place the trust of the amalgamating company needs to be merged with trust of amalgamated company.

SCOPE OF WORK

  • Intimation to jurisdictional income tax officer of amalgamating company
  • Preparation of deed of variation for inclusion of amalgamating company trust with amalgamated company trust
  • Follow up with income tax authorities for approval of deed of variation
  • Attending hearings with income tax authorities

DOCUMENTS REQUIRED

  • Trust master data of both the trust
  • Trust latest financials of both the trust
  • Trust latest income tax return of both the trust
  • Amalgamation order copy

WHY EASY ACCOUNTING

  • Approximately 42,000 employees in the trust advised by us
  • Trusted by more than 100 trusts across India
  • Faster turnaround time for income tax approval
  • One stop solution for the entire process
  • Hassel free experience in the complex process
  • 5+ Years of group gratuity centric experience

TIMELINES

  • Approval letter from the income tax is normally received in 4-6 months

KEY CLIENTELE

  • An American multinational shipping & receiving and supply chain management company
  • Listed Aerospace and defense company
  • Listed subsidiary of the Indian conglomerate providing Satellite Communication Service Provider
  • Listed Multinational Multi-technology automotive components supplier
  • Leading Trade Credit Insurance Adviser
  • One of the biggest listed Rural non-banking financial Company
  • Manufacturer of high-quality reactive dyes
  • Leading logistics service provider
  • Leading American Multi-national construction company with presence in 20 countries
  • World’s leading synthetic rubber company
  • India’s most recognized stationery brand

FAQs

Intimation is given to the amalgamating company trust and funds are transferred to
amalgamated company trust. Copy of order of amalgamation is submitted to the insurer.

All the employees of amalgamating company trust are transferred to the amalgamated company trust.