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Query regarding filing of mgt 14
Dear All,
I have a confusion regarding filing of MGT -14 in case of public co.
We have a public listed co which is going to form a wholly owned subsidiary by investing its funds in it.Now my question at which date MGT-14 is required to be filed i.e from the date on which co has passed resolution for the incorporation of subsidiary co. or when the subsidiary co is incorporated and the funds has been transfered in the bank account of newly form subsidiary co.
Kindly reply as it is urgent.
Replies (4)
Form MGT 14 is to be filed withing 30 days of the date of passing the resolution.
Thank you Sir for your reply.
But afterwards(i.e after filing MGT 14) if the Subsidiary co couldn't be formed due to some unavoidable reason then what will be the remedy available to the company.
Nothing... this fact is to be noted in the Board....
Thanks for your advice Sir.
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