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26 April 2008 In Co. X there are 7 directors, out of which 2 are also directors of another pvt ltd company (Total strenth is 2). No transactions took place between these two company. Can pvt ltd co. comes under the defination of subsidiary.
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Krishan Aggarwal

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Krishan Aggarwal (Expert)
28 April 2008 Dear Vivek,
Please read it from your Private message i send the answer there.
Regards,
CA Krishan Aggarwal
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
27 May 2008 no. of directors does not decide whether a company is subsidiary or not




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