The escrow amount shall be payable in the following manner: (i) if the consideration payable does not exceed ₹100 crores; 25 per cent of the consideration payable (ii) if the consideration payable exceeds ₹100 crores; 25

CS Executive · Corporate and Management Accounting · PYQS · December 2021
The escrow amount shall be payable in the following manner: (i) if the consideration payable does not exceed ₹100 crores; 25 per cent of the consideration payable (ii) if the consideration payable exceeds ₹100 crores; 25 per cent up to ₹100 crores and 10 per cent thereafter (iii) if the consideration payable does not exceed ₹10 crores; 25 per cent of the consideration payable (iv) if the consideration payable exceeds ₹100 crores; 5 per cent up to ₹100 crores and 2.5 per cent thereafter
(A) (i)
(B) (i) and (ii)
(C) (i), (ii) and (iii)
(D) (i), (ii), (iii) and (iv)

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Companies Act, 2013

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