holding and subsidiary company (sec-212)

This query is : Resolved

Vikram Bishnoi (Querist)
Follow

21 January 2010 its urgent pls reply soon as much as possible.

what is requirement of sec-212,for both the company i.e. for holding and for subsidiary company in the following situation :-

Holding company(A)- Not a listed company
paid up capital - 18200000
authorized capital- 40000000
share in subsidiary company(i.e in "B")- 86%

Subsidiary company (B)- Not a listed company
paid up capital -2500000
authorized capital - 30000000

Both the company are Private co. and director in both the company are also same person.
Financial year of both the company are same i.e 2008-09

if any more information required than write .

thanks in advance.

Rasesh

Rasesh (Expert)
Follow

21 January 2010 For the Holding co.
The Annual Report of the subsidiary has to be attached to the annual report of the holding company alongwith abstract u/s 212.

For the Subsidiary co.: No such disclosures.

Vikram Bishnoi

Vikram Bishnoi (Querist)
Follow

25 January 2010 thanx, sir, can u tell me the requirement of sec-212 sub-sec-3(a) in which demanded statement of the holding company's interest in the subsidiary i. e. what is include in this statement

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now