Company law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2014
Hi, can any one tell me that privillages provided for private co----are also applicable for those private co which are subsidiary of public co ?
23 November 2014
No as Subsidiary companies of Public company will be deemed public company and therefore privilege of private company will not be available.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 December 2014
Sir Lekin according to sec 67(2) ------- financial assistance can be given to its employees for purchase of or subscribing to its own shares or shares in its holding company.........it is a privilege of pct Ltd co . But as we know that subsidiary pvt co are not eligible for privilege of pvt Ltd co ,then how is it possible for a pvt Ltd co to give financial assistance to its employees to purchase shares in its holding 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
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Traces submitting correction statement error
- Gst on travel by air for business purposes
- Rent claimed on building given on permissive possession basis
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
