Associate Company -
How much is significant control ?
Subsidiary Company
How much ownership is required
1/2 of total share capital
or not less than 26% of share capital
or not less than 25% of share capital
Menu
CA Inter Company Law
Replies (3)
Associate comapny -
Significant control is 20% or more.
Subsidiary company -
controls the composition of directors OR controls 1/2 of total share capital (total share capital = paid up equity share capital + convertible prefrence share)
Significant control is 20% or more.
Subsidiary company -
controls the composition of directors OR controls 1/2 of total share capital (total share capital = paid up equity share capital + convertible prefrence share)
agreed with sehajpreet singh
Significant Control means:
a. Contrl of 20% or more of Total Voting Power; or
b. Participation in business decisios under an arrangement.
Please find extracts from by Book - 'Corporate & Other Laws - For C.A Inter'
Recent Topics :
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
Related Topics :
CAclubindia
