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Liabilities of Susidiary Company
Can benefit of loss from subsidiary company be taken by holding company. ?
Replies (5)
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.
Sir / Madam, I am working in a listed public limited company. It has two layers of unlisted public companies as subsidiaries. (One subsidiary is wholly owned by listed parent company and other is owned by the unlisted subsidiary company). The (Second layer) subsidiary company needs to be striked off from the records of the registrar by filling form stk-2. My doubt here is weather i need to get approval from holding companies shareholders for striking off this second layer subsidiary ??
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.
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