Subsidiary company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2012
Dear Friends,
An Italian company is holding more tahn 70% of the share capital in a pvt ltd company incorporated in India. Please tell me whether that company comes under the definition of holding&subsidiary company under the Companies Act, 1956. Waiting for your valuable advise.
Thank you in advance.
An Italian company is holding more tahn 70% of the share capital in a pvt ltd company incorporated in India. Please tell me whether that company comes under the definition of holding&subsidiary company under the Companies Act, 1956. Waiting for your valuable advise.
Thank you in advance.
Amol S Joglekar
(Expert)
12 October 2012
So much so, "transfer pricing" provisions will also come into play. You need to check that as well.
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