Company law_subsidiary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2012
Dear Experts
Co. A has an overseas 100% subsidiary B and B has a 100% subsidiary C.
Now can A directly invest, extend loan, issue guarantee, security to C...
can C be termed as A's wholly owned subsidiary for 295 and 372A.
from the point of view of sec. 372A & 295..... wholly owned subsidiaries are outside the purview of both 295 & 372A.
Experts views are solicited...
Warm Regards
Pankajj Arya
Co. A has an overseas 100% subsidiary B and B has a 100% subsidiary C.
Now can A directly invest, extend loan, issue guarantee, security to C...
can C be termed as A's wholly owned subsidiary for 295 and 372A.
from the point of view of sec. 372A & 295..... wholly owned subsidiaries are outside the purview of both 295 & 372A.
Experts views are solicited...
Warm Regards
Pankajj Arya
07 August 2012
C is termed as wholly owned subsidiary of A.
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