Amendment status not verified — confirm the current text below against the official source.
(l) When two or more companies are amalgamatedor mergedin pursuance of an order of court or of Tribunal or otherwise and the order is to take effect from a date earlier to the date of the order and any two or more or' such companieshave suppliedor received any goodsor services or both to or from each other during the period commencing on the date from which the order takes effect till the date of the order, then such transactions of supplyand receipt shall be included in the turnover of supplyor receipt of the respectivecompaniesand they shall be liable to pay tax accordingly; (2) Notwithstandinganythingcontained in the said order, for the purposes of this Act, the said two or more companiesshall be treated as distinct companiesfor the periodup to Oledate of the said order and the registration certificates of the said companiesshall be cancelled with effect from the date of the said order. Liabilityin case of amalgamation or :........J of companies. .._.., 31 of2016