Agm of subsidiary after agm of holding company

Hello,

I think subsidiary company cannot held its AGM after the AGM of holding company, as its given that u need to consider the accounts of subsidiary company in the AGM of Holding Company.

Thanks

Regards

Nidhi

Puneet,

The financials of the Subsidiary Company also forms part of the Annual report of the holding Company.

So without that the Balance sheet is not finalised, so accounts of the subsidiary be audited first before that of holding Company.

So the holding company cannot complete its agm before the audit of the accounts of the subsidiary company.

Shivi

What if the balance sheet of subsidiary is signed and audited before the holding company plans to hold its AGM? Is it allowed?