Sister concern
This query is : Resolved
rashid ali
(Querist)
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 ??
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 ??
Nikhil Kaushik
(Expert)
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 ..
rashid ali
(Querist)
29 September 2014
Sir,
Thanks for immediately corporation
Thanks for immediately corporation
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