Query relating SMC and Non-SMC

This query is : Resolved

Pradeep Kumar (Querist)
Follow

11 January 2009 Can anyone please clarify whether an Indian pvt company which fulfills the first 4 conditions to be considered as as an SMC and which is a subsidiary of a US listed company would be considered as SMC or Non-SMC for the purpose of applicability of AS as per Companies AS Rules 2006.(Based on 5th point in the definition of SMC).

Zainul Tawawalla

Zainul Tawawalla (Expert)
Follow

14 January 2009 It is to be noted that the first four clause for Non SMC applies only to an Indian company. Therefore, the fifth clause applies only if the company is a holding or subsidiary of the company covered in clause 1-4 & is only an Indian company.
Therefore the Pvt. Ltd company shall not be a Non SMC.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Narasimha Murthy

SUBHASH SAHA

saurabh sawlani

deepak

Rameshkumar Jain

Subscribe Now

Query relating SMC and Non-SMC

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Senior Executive