A successor Cooperative bank can set off accumulated losses of predecessor Cooperative bank in a scheme of reorganization of co-operative banks provided the successor bank holds at least ………. of the Book value of fixed assets acquired for a continuous period of at least 5 years immediately succeeding the date of reor-ganization.
A. 4/5th
B. 3/4th
C. 2/5th
D. 1/2
Answer:B
A successor Cooperative bank can set off accumulated losses of predecessor Cooperative bank in a scheme of reorganization of co-operative banks provided the successor bank holds at least ………. of the Book value of fixed assets acquired for a continuous period of at least 5 years immediately succeeding the date of reor-ganization.
A. 4/5th B. 3/4th C. 2/5th D. 1/2