Associate and group company

This query is : Resolved

Share Report Follow Query Ask a Query

Mehak Bansal

Mehak Bansal (Querist)
Follow

31 August 2014 Can anyone please explain me the concept of associate and group company with examples

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

01 September 2014 As per section 2(6) of the Companies Act 2013, “associate company”, in relation to another company, means a company in
which that other company has a significant influence, but which is not a subsidiary
company of the company having such influence and includes a joint venture company.
Explanation.—For the purposes of this clause, “significant influence” means
control of at least twenty per cent. of total share capital, or of business decisions under an agreement;

The term Group is not defined under the companies act. However Two or more corporations that are related through common ownership in general terms means group company. Group consists of a parent corporation and one or more subsidiary corporations.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

velichety.l.narasimharao

SHIBSANKAR DEY

deepak

Amit Yadav

Saumil Kapadia

Subscribe Now

Associate and group company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Senior Executive

GST CONSULTANT

Manager- Finance and Compliance

Accountant

CA Final