Subsidiary companies
This query is : Resolved
18 July 2012
if the director's of two companies are same then what is relationship between those companies... whether relationship is holding-subsidiary or not
18 July 2012
Hi
As per section 4(1) (a) of the Companies Act, the other co. will be treated as subsidiary, if other control the composition of Boards of directors.
If the directors of two companies are same then it will be treated as same group company and name as "same management company" as per section 370(1B) of the Companies Act, 1956.
As per section 4(1) (a) of the Companies Act, the other co. will be treated as subsidiary, if other control the composition of Boards of directors.
If the directors of two companies are same then it will be treated as same group company and name as "same management company" as per section 370(1B) of the Companies Act, 1956.
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
- SAC for Transportation services by GTA 996511 or 996791?
- CG Account Scheme
- Registration of Transporters under GST
- Compensation received from electricity transmission company for installation of High tension line
- ISD Registration for different business verticals
- Transporter cash payment limit
- GST & ITR Reporting for YouTuber with US Viewership and Adsense Income
- Order under section 271D of the Income Tax Act, 1961
- On Long Term Capital Gain
- GST to pay on carpet area or super built-up area
- Capital gains-SUN
- Capital Gain on development of property.
- What is DRC 3 Challan
- Is Gratuity provision made yearly basis i.e on 31st March on closing of books
- Forgotton to made darken circle in Anshwer sheet of MCQ Booklet no
- GST New Registration- CA Number validation pending
- Final dividend calculation
- STCG on equity shares/ETF-SUNDIP
- MF income of NRI
- Intimation of tax ascertained in Form GST DRC-01A
Trending Online Classes
CAclubindia
