Sec 2 (6) of the companies act, 2013 - associate company
Querist : Anonymous
Can any body please clarify the following
Sec 2 (6) of the Companies Act, 2013 - Associate Company
" in relation to another company, means a company in which that other company has a significant influence.
significant influence = control of at least 20% of total share capital.
Question: if the other company does not hold any shares in this Company but directors of other company are holding more than 20% of total share capital of this Company. Then, can these two companies are associate?
Regards
Rajesh Kumar Yadav
Company Secretary
Definition clearly says 'a company in which the OTHER COMPANY has significant influence.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Capital gain on sale and purchase of plot
- CREDIT NOTES WITHOUT GST
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
