Hi all,
please help me
A holding Co.(listed) has given advance to its subsidiary co (Pvt.) for purchase of land. In the balance sheet of both the companies the amount is shown under the head loans & advances.Now the subsidiary company want to issue preference shares(at a premium) in lieu of this advance money. Kindly let me kno is this possible. can an advance be treated as share application money. if yes wat will be the procedure and which section of companies act is to be followed.
You can do so, by passing the Board resolutions in both the companies.
hello all,
need help for the below query..
If the holding company (indian) wish to remitt one lac US dollars to subsidiary company (US). What is the procedure the holding company follow to make that happen????? documentation procedure needed
hello all,
need help for the below query..
If the holding company (indian) wish to remitt one lac US dollars to subsidiary company (US). What is the procedure the holding company follow to make that happen????? documentation procedure needed
CAclubindia
