https://www.taxtmi.com/acts?id=19580 Amendments add non-recognition rules to section 47 for transfers of foreign-company shares in amalgamation or demerger when the shares derive substantially their value from Indian company shares, subject to shareholder continuity thresholds and absence of capital gains taxation in the country of incorporation; demergers to which these provisions apply are excluded from sections 391-394 of the Companies Act, 1956. A separate exemption covers unit exchanges in consolidation of mutual fund schemes where consolidation is among equity-oriented schemes or among non-equity schemes, with defined terms provided. en-us Thu, 07 May 2015 12:49:56 +0530 Sat, 09 May 2015 12:20:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19580 Amendments add non-recognition rules to section 47 for transfers of foreign-company shares in amalgamation or demerger when the shares derive substantially their value from Indian company shares, subject to shareholder continuity thresholds and absence of capital gains taxation in the country of incorporation; demergers to which these provisions apply are excluded from sections 391-394 of the Companies Act, 1956. A separate exemption covers unit exchanges in consolidation of mutual fund schemes where consolidation is among equity-oriented schemes or among non-equity schemes, with defined terms provided. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 12:49:56 +0530 https://www.taxtmi.com/acts?id=19580