Why Does The Hutch and Vodafone merger

Why Does The Hutch and Vodafone merger have problems -with respect to FEMA and tax? ,[object Object],[object Object],Vodafone(Briton) A Foreign company HTIL( Whampoa group of Li-Ka Shing. Hong Kong A foreign company 67% Takes over Asim Ghosh-12% A.Singh and other companies (Minority) Essor group

Mergers and Acquisitions-Tax impact By Prof. Augustin Amaladas M.Com.,AICWA.,PGDFM., DIM., B.Ed For TASMAC 25/07/08

Provision of income tax act ,[object Object],[object Object],[object Object],[object Object],[object Object]

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TYPES OF MERGERS ,[object Object],[object Object],[object Object]

The First wave ,[object Object],[object Object],[object Object],[object Object]

Standard Oil(SO) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Who plays an important role in merger? ,[object Object],[object Object],[object Object]

When did Management principles used in merger in USA? ,[object Object],[object Object],[object Object],[object Object],[object Object]

M&A IN INDIA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Basic concept behind capital gain tax? ,[object Object],[object Object],[object Object],[object Object],[object Object]

INCOME TAX RELATED ISSUES FOR AMALGAMATION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

EXAMPLE ,[object Object],NO CAPITAL GAIN TAX & ACCUMULATED LOSSES & UNABSORBED DEPERICIATION CAN BE CARRIED FORWARD DOES NOT ATTRACT CAPITAL GAIN FOR A BUT NO GAIN FOR B NO BENEFIT TO A & B A MERGES WITH B (A GOES OUT) SATISFIES BOTH 2(1B) & 72 A SATISFIES 2(1B) BUT DOES NOT SATISFY 72 A DOES NOT SATISFY SEC 2(1B) & 72 A PARTICULARS

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Tax Concession To Share Holders Of Amalgamating Co. ,[object Object]

EXERCISE 40 70 MARKET PRICE 8 10 P/E RATIO 5 7 EPS 7,500 20,000 NO. OF SHARES 37,500 1,40,000 EAT CO. B CO. A PARTICULARS

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Conclusion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Why Does The Hutch and Vodafone merger

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Why Does The Hutch and Vodafone merger