banner_ad

Subsidiary company -

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 October 2011 "A"COMPANY HOLDS 35% EQUITY CAPITAL IN COMPANY "B".

THREE DIRECTORS OF THE COMPANY "A" ARE DIRECTORS IN COMPANY "B".

WHETHER COMPANY "B" IS SAID TO BE SUBSIDIARY OF COMPANY "A"

PL ENLIGHTEN
Profile Image

CS Pawan Kumar Baid

Profile Image

CS Pawan Kumar Baid (Expert)
28 October 2011 Company B will be subsidiary of company A ONLY if: -
1) A holds more than 50% of share/Voting right of B
2) A controls Board of Director of B

In your case, 1st condition is not satisfied. You have to look, whether 2nd condition is satisfied or not. If yes then it will be subsidiary, else .. not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details