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Subsidiary Relationship

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02 December 2008 A co. is holding 49.81% shares in B & C. B & C Co. each others cross holding 49.81%. Balance is held by Others. Now whether the B & C are treated as subsidiary of A or anything else
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CA Tirth Ajani

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CA Tirth Ajani (Expert)
06 March 2009 it can not be treated as subsidiary of A co. A co. has significant influence on both this company.

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