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Company law_subsidiary

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Querist : Anonymous

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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
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Amol S Joglekar

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Amol S Joglekar (Expert)
07 August 2012 C is termed as wholly owned subsidiary of A.
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