Sec 372a
This query is : Resolved
ravi agarwal
(Querist)
07 August 2011
sir.,
i want to ask sec 372A doesn't apply to wholly owned subsidiary ..but sir earliear if a co. is having 90% investment in subsidiary n on 30 march 2011 it makes a investment of another 10% in subsidiary WHICH makes it wholly own subsidiary then whether this 10% investment is taken into consideration on 30 march 2011 for checking the maximum limit under sec 372A or we have to skip this investment
?
i want to ask sec 372A doesn't apply to wholly owned subsidiary ..but sir earliear if a co. is having 90% investment in subsidiary n on 30 march 2011 it makes a investment of another 10% in subsidiary WHICH makes it wholly own subsidiary then whether this 10% investment is taken into consideration on 30 march 2011 for checking the maximum limit under sec 372A or we have to skip this investment
?
09 August 2011
Paid up share capital and/or free reserves should be as per Company's latest available AUDITED BALANCE SHEET hence investment made as on 30th march'11, in my opinion, will not be covered as latest audited balance sheet did not include the same for auditing.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
