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    <title>Amendment of section 42</title>
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    <description>Where, in a scheme of amalgamation or demerger, the amalgamating or demerged company sells or transfers the business to the amalgamated or resulting company (being an Indian company), the sub section shall not apply to the amalgamating or demerged company and shall, as far as may be, apply to the amalgamated or resulting company as it would have applied to the amalgamating or demerged company if the latter had not transferred the business or interest in the business.</description>
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      <description>Where, in a scheme of amalgamation or demerger, the amalgamating or demerged company sells or transfers the business to the amalgamated or resulting company (being an Indian company), the sub section shall not apply to the amalgamating or demerged company and shall, as far as may be, apply to the amalgamated or resulting company as it would have applied to the amalgamating or demerged company if the latter had not transferred the business or interest in the business.</description>
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