Demerger valuation rules: Ind AS-compliant values may replace book-value recording requirement for resulting companies. Amendment to clause (19AA)(iii) of section 2 excludes the book-value recording requirement for demergers where the resulting company records transferred property and liabilities at values differing from the demerged company's books, provided those values comply with the Indian Accounting Standards specified in the Annexure to the Companies (Indian Accounting Standards) Rules, 2015; effective from 1 April 2020.
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Provisions expressly mentioned in the judgment/order text.
Demerger valuation rules: Ind AS-compliant values may replace book-value recording requirement for resulting companies.
Amendment to clause (19AA)(iii) of section 2 excludes the book-value recording requirement for demergers where the resulting company records transferred property and liabilities at values differing from the demerged company's books, provided those values comply with the Indian Accounting Standards specified in the Annexure to the Companies (Indian Accounting Standards) Rules, 2015; effective from 1 April 2020.
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