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97-A Disposal of asset under a scheme of arrangement and reconstruction

(1) No gain or loss shall be taken to arise on disposal of asset from one company (hereinafter referred to as the transferor) to another company (hereinafter referred to as the transferee) by virtue of operation of a Scheme of Arrangement and Reconstruction under sections 282L and 284 to 287 of the Companies Ordinance, 1984 (XLVII of 1984) or sec...

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