https://www.taxtmi.com/acts?id=37005 The proviso excludes the sub-clause's application where the resulting company records the value of the property and liabilities of the undertaking(s) at values different from those in the books of the demerged company immediately before the demerger, provided such values are determined in compliance with the Indian Accounting Standards specified in the Annexure to the Companies (Indian Accounting Standards) Rules, 2015. en-us Wed, 24 Jul 2019 16:14:40 +0530 Wed, 24 Jul 2019 16:14:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37005 The proviso excludes the sub-clause's application where the resulting company records the value of the property and liabilities of the undertaking(s) at values different from those in the books of the demerged company immediately before the demerger, provided such values are determined in compliance with the Indian Accounting Standards specified in the Annexure to the Companies (Indian Accounting Standards) Rules, 2015. Act-Rules F. Acts / Amendment Acts Wed, 24 Jul 2019 16:14:40 +0530 https://www.taxtmi.com/acts?id=37005