Subsidiary company for the purpose of as 21
This query is : Resolved
Ashutosh Pati
(Querist)
24 June 2016
Some shareholders of one company are holding 52% shares in another company. Will it be considered as a subsidiary company because of indirect ownership through shareholders for the purpose of preparation of consolidated financial statements? Or the company or its subsidiaries only need to hold the shares and not its shareholders for that purpose?
27 June 2016
The company has to hold shares in another company for being subsidiary (should be shown as investment) in the parent company. If the shareholders are also holding shares in another company it will be considered as related parties
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