Menu
Liabilities of Susidiary Company
No, because subsidiary company is completely different entity.
No as per IT Act it is not possible
however while preparing the Consolidated financials of the Wholly owned Subsidiary the loses can be absorbed by the holding company and in case of merger of the the WoS and holding Company the losses can be absorbed.
No it is not practically possible.
only at the time of merger of two companies, it is possible that the loss of the subsidiary Company is carry forwarded by the subsidiary Company.
There is no difference in procedure of closure of subsidiary or holding company, so yes consent of shareholders of holding company is also must since subsidiary is a part of holding although being subsidiary of subsidiary.
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
