Sister concern

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2015 sir, what is the term 'sister concern' ?
and is there any difference between sister concern and associates concern ??

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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29 December 2015 Sister companies are subsidiary companies owned by the same parent company. Each of the sister companies operates separately and may have no connection other than sharing the same parent company.

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Querist : Anonymous

Querist : Anonymous (Querist)

29 December 2015 So, sister concern and associate concern are same ?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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30 December 2015 associate company in business valuation is a company in which another company owns a significant portion of voting shares, usually 20–50%. In this case, an owner does not consolidate the associate's financial statements.

So in Associates company is not hold full extent in associate company but sister company 100% owned by Parent Company.

Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2015 sir, can we regularly transaction with sister concern and is this valid ?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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30 December 2015 What Kind Of Transaction?

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