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.
12 October 2012
Yes, the pvt ltd co is the subsidiary of Italian Co.
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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