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Step-down Subsidiary Co. & Fellow Subsidiary Co.

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(Querist)
09 October 2009 Please tell me the difference between Step-down Subsidiary Company and Fellow Subsidiary Company along with example.
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Jagruti (CS)

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Jagruti (CS) (Expert)
31 October 2009 Suppose ABC Ltd Has
X is subsidiary if A
Y is subcidiary of X
B is sucidiary of A

Step Down Subsidirary mean subsidiaries of direct subsidiary i.e in above case Y is step down sub of A

While fellow subcidiary means other subsidiaries of holding company, in above case B & X are fellow subcidiary.

I hope u got it else let me know.
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