Holding & subsidiary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
Dear Expert,
My doubt is If X co. is a Holding company of Y Co.(55% share) and Y co. is a holding company of Z Co.(60%). What will be holding % of X co. in Z co.?
The X co. holding in Z co., will be treated as indirect holding only right?
Pls clarify
Thanks in advance
My doubt is If X co. is a Holding company of Y Co.(55% share) and Y co. is a holding company of Z Co.(60%). What will be holding % of X co. in Z co.?
The X co. holding in Z co., will be treated as indirect holding only right?
Pls clarify
Thanks in advance
19 July 2013
1. X Ltd does NOT have a direct holding in Z Ltd. It has an indirect holding.
X Ltd. will be treated as subsidiary of X Ltd.
2. Share in profits will be computed as under:
(a) Y Ltd. - 60% of profits of Z Ltd.
(b) X Ltd - 55% of (Profits of Y Ltd. + Share of Y Ltd. in Z Ltd.)
X Ltd. will be treated as subsidiary of X Ltd.
2. Share in profits will be computed as under:
(a) Y Ltd. - 60% of profits of Z Ltd.
(b) X Ltd - 55% of (Profits of Y Ltd. + Share of Y Ltd. in Z Ltd.)
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 July 2013
Thank u
So x's share in Z will be 33% (55% of 60%).Is this right??
So x's share in Z will be 33% (55% of 60%).Is this right??
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