In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:

Mr. Dubey • 52.30K Points
Coach

Q. In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:

(A) Vendor company's account

(B) Shares in the vendor company account

(D) none

Correct Answer - Option(B)

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Q. In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:

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