Caro

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priyanka (Querist)
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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

CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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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.

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CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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18 September 2012 A private company does not includea private company which is a subsidiary of a limited company.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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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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