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
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.
Message likes :
1 times
18 September 2012
A private company does not includea private company which is a subsidiary of a limited company.
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
