Facilitating certain strategic disinvestment

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....tion (1) of section 72A provides that in specified cases, accumulated loss and unabsorbed depreciation of the amalgamating company shall be deemed to be the accumulated loss and unabsorbed depreciation of amalgamated company for the previous year in which the amalgamation was affected. Conditions have also been laid down in the said section to facilitate carry forward and set off of loss and unabs....

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....holding by the Central Government, the State Government or Public Sector Company in a public sector company or a company which results in (i) reduction of its shareholding below fifty-one per cent, and (ii) transfer of control to the buyer. 4. The first condition shall apply in case the shareholding was above fifty one percent before such sale of shareholding. The requirement of transfer of c....