https://www.taxtmi.com/acts?id=7801 The amendment inserts two clauses treating transfers in cooperative bank reorganisations as non recognised: transfers of capital assets by a predecessor cooperative bank to a successor cooperative bank made in a business reorganisation, and transfers by a shareholder of shares in the predecessor cooperative bank in consideration for shares in the successor cooperative bank. The terms business reorganisation, predecessor cooperative bank and successor cooperative bank adopt the meanings assigned in the referenced reorganisation provision. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7801 The amendment inserts two clauses treating transfers in cooperative bank reorganisations as non recognised: transfers of capital assets by a predecessor cooperative bank to a successor cooperative bank made in a business reorganisation, and transfers by a shareholder of shares in the predecessor cooperative bank in consideration for shares in the successor cooperative bank. The terms business reorganisation, predecessor cooperative bank and successor cooperative bank adopt the meanings assigned in the referenced reorganisation provision. Act-Rules F. Acts / Amendment Acts Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7801