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Pvt ltd 763 views 3 replies

Dear Sir,

Brief facts of the case are given hereunder :-

1) That A PVT Ltd is the Indian company regd with the ROC Delhi

2) That B PVT Ltd is also an Indian company regd with ROC Mumbai holding 95% shares of A Ltd

3) That C PVt Ltd is a Mauritius base company holding 95% shares of B Ltd

In respect of above following queries emerged for your opinion :-

a) Whether A Pvt Ltd and B PVt Ltd is termed as Foreign company by virtue of fact that since C Ltd hold more than 95% share of B Ltd and B Ltd holds 95% shares of A Ltd

b) If yes , than is there any other special requirement for approval of accounts and holding of AGM, if yes pl advice

c) Is B PVT Ltd has to incorporate the results of A PVT Ltd in its audited accounts.

Kindly give your opinion in above respect with the procedure

Regards

Anupama

Replies (3)

 


Hello!

As per my view .....
a) A pvt ltd and B pvt. ltd will not be considered as foreign co. they will remain as Indian co registered under co. act. irrespective of the fact that c a foreign co. holds 95% in Bpvt. ltd. .....

c). as per sec 212 a holding co. needs to incorporate the result of its subsidiary co. in its annual accounts. Therefor B pvt. ltd. co has to incorporate the result of A pvt. ltd. co. in its audited accounts....


Regards
Nidhi

Agree with Nidhi......

hi,

agree with experts. Both A pvt Ltd & B pvt. Ltd will be subsidaries of C Pvt Ltd.


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