Sister concern


This query is : Resolved 

26 September 2014 Hi every one,
I have a question, one person is partner in two firm i.e. firm A firm B, in firm A he have 19.8% and firm B 50% share. i want to know that which firm is sister concern ??

26 September 2014 actually none...for two organizations to be sister concerns, they should be subsidiary of same entity. In this case Firm A is not a subsidiary or substantially owned by the same parent ..

29 September 2014 Sir,
Thanks for immediately corporation


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