Parent and subsidiary company relation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2013 can you please through some light on below case:

A company is having 51% Holding in its subsidiary B and B subsidiary is having 51% holding in C company...

so in above, what relation would be having Main holding A with company C

CA Kishore Tallam

CA Kishore Tallam (Expert)
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26 June 2013 C is also a subsidiary of A. However, effective holding for consolidation purposes will be 51% * 51% = 26%. Only 26% shall be disclosed as holding in C in the CFS of A.