holding to subsidry
This query is : Resolved
05 February 2009
a pvt.ltd. company which is incorporated in india but his holding company in foreign ,now holding company become lequidate and they relenquis the shareholding due to short amount. holding company held 99%holding. what should do in this circumtranses.what is the treatment of holding amount or share holding .whether shown forfeited or any treatment
CA. B.SRINIVASULU
(Expert)
05 February 2009
In the private limited company you can apply the method of buy back of shares and reduce the share capital. since you are not paying any amount transfer the same to reserves. Since you are telling amount is not there if it is due to lack of profits the loss will be reduced.
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