INVESTMENTS BY SUBSIDIARY IN HOLDING SOMNAY
This query is : Resolved
CA Kavita Patil
(Querist)
11 December 2008
HI,
Can the subsidiary company invest in the shares of its holding company? is it possible?
In this case the holding company holds 90% of shareholdinds in Subsidiary company. Is the above transaction valid under the Companies Act, Please guide
HI,
Can the subsidiary company invest in the shares of its holding company? is it possible?
In this case the holding company holds 90% of shareholdinds in Subsidiary company. Is the above transaction valid under the Companies Act, Please guide
CS Vivek Hegde
(Expert)
11 December 2008
Kavita
Definitely possible. It is in order. Its called CROSS HOLDING. Accounting and consolidation of accounts becomes little difficult. Otherwise its Okay
rgds
Vivek
Definitely possible. It is in order. Its called CROSS HOLDING. Accounting and consolidation of accounts becomes little difficult. Otherwise its Okay
rgds
Vivek
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