Suppose a company(A) is having shares of a company(B) & later B becomes the holding of A then is it compulsory for A to surrender the shares?
Menu
Holding subsidiary
Replies (3)
no, its never compulsory. there are many instances of cross holding cos.
Oh great is it so?
because it was asked in our IPCC exam & I wrote the same. Please confirm again Sir.
i am sure on my answer. when you will be a ca final student, you yourself will read this topic of cross holding. and all your queries will be clear.
Recent Topic
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
Related Topics
CAclubindia
