https://www.taxtmi.com/acts?id=49522 The amendment inserts a proviso specifying that the continuity provision will not apply to a change in the shareholding of an Indian company that is a subsidiary of a foreign company where the change arises from an amalgamation or demerger of a foreign company, provided that the majority shareholders of the amalgamating or demerged foreign company remain shareholders of the amalgamated or resulting foreign company. en-us Sat, 22 Feb 2025 10:59:27 +0530 Sat, 22 Feb 2025 10:59:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49522 The amendment inserts a proviso specifying that the continuity provision will not apply to a change in the shareholding of an Indian company that is a subsidiary of a foreign company where the change arises from an amalgamation or demerger of a foreign company, provided that the majority shareholders of the amalgamating or demerged foreign company remain shareholders of the amalgamated or resulting foreign company. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:59:27 +0530 https://www.taxtmi.com/acts?id=49522