Dear Sir,
Brief facts of the case are given hereunder :-
1) That A PVT Ltd is the Indian company regd with the ROC Delhi
2) That B PVT Ltd is also an Indian company regd with ROC Mumbai holding 95% shares of A Ltd
3) That C PVt Ltd is a Mauritius base company holding 95% shares of B Ltd
In respect of above following queries emerged for your opinion :-
a) Whether A Pvt Ltd and B PVt Ltd is termed as Foreign company by virtue of fact that since C Ltd hold more than 95% share of B Ltd and B Ltd holds 95% shares of A Ltd
b) If yes , than is there any other special requirement for approval of accounts and holding of AGM, if yes pl advice
c) Is B PVT Ltd has to incorporate the results of A PVT Ltd in its audited accounts.
Kindly give your opinion in above respect with the procedure
Regards
Anupama
CAclubindia
