Sir/Madam,
In two different private companies, same members are major shareholders of both the companies. Whether they are associate company or Susidiary company?
Menu
Holding & subsidiary company
Replies (2)
Dear sir,
According to me you are reffering to the status of the Group companies , they can not be trated as associate but they are related parties as mentioned in the section 2 (76) (viii)
transaction bettwen such companies are removed from the purview of section 188 on 5th June's exemption notification.
regatds,
Gargi
they are neither associate co nor subsidiary co. they may be treated as related party.
Recent Threads
- TDS on Joining Bonus
- How to complete form10E Table details for the year
- How to submit ITR for old F&O losses
- Can an Software Engineer be termed as a workman an
- PF withdrawal in IT
- Resolution of Potential Double Taxation on NSC Int
- LTCG reporting in ITR2
- Pls advice to sell and we can make invoice to susp
- Most reliable solution to export offline OST to PS
- Sale of Mutual fund by NRI
Related Threads
CAclubindia
