Pvt Co as holding co
This query is : Resolved
26 June 2009
Friends, if PVt co is a flagship co and it's subsidiaries are ltd. cos in this case can anyone let me know wether provisions of 372A is applicable or not ?
26 June 2009
Hi,
If you go by the language of Section 372A(8)(a)(iii) then in your case provisions of Section 372A shall not apply.
However the same is my personal understanding. Views of other experts solicited.
Regards
If you go by the language of Section 372A(8)(a)(iii) then in your case provisions of Section 372A shall not apply.
However the same is my personal understanding. Views of other experts solicited.
Regards
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