Section 295 of Companies Act, 1956

sub section 1(e) of section 295 the body corporate describe seems to be subsidiary but in Section 295(2)(b) and (c) Exempt subsidiary. Finally is section 295 applicable to subsidiary or not?  

Replies (1)

Hello!

A subsidiary co. is specifically exempt u/ 295 (2)(b)and (c)............And as far as question arises of sec 295 (1)(e) then i would recommend that a subsidiary co MAY come in ambit of it bt which is specifically excluded further.

A specific law always prevail over general law. 

 

Regards

Nidhi

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details