Caro
This query is : Resolved
18 September 2012
IF CARO IS APPLICABLE ON A PUBLIC LISTED COMPANY, THEN IS IT ALSO APPLICABLE ON ITS 100% SUBSIDIARIES?
ALSO THE SUBSIDIARIES ARE PRIVATE LIMITED COMPANIES AND NOT FULFILLING ANY OF THREE CONDITIONS FOR CARO APPLICABILITY
ALSO THE SUBSIDIARIES ARE PRIVATE LIMITED COMPANIES AND NOT FULFILLING ANY OF THREE CONDITIONS FOR CARO APPLICABILITY
CA Ayush Agarwal
(Expert)
18 September 2012
Since It is Subsidiary 100%, Then It will Get Automatically Applicable.
as When You Prepare Consolidated Financial Statement, Then Will get Automatically Cover.
as When You Prepare Consolidated Financial Statement, Then Will get Automatically Cover.
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CA CS Amit S. Kedia
(Expert)
18 September 2012
A private company does not includea private company which is a subsidiary of a limited company.
CA CS Amit S. Kedia
(Expert)
18 September 2012
Please read section 3(iv)(C)of companies act, 1956 "Public company" includes a private company which is a subsidiary of a company not being a private company
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