Menu
Specify the holding subsidiary relationship between both companies?
If OPC which is Foreign Co., holds about 99% of equity shares in Company which is incorporated under the Companies Act, through FDI, Are they have relationship of holding subsidiary to each other?
Replies (1)
Yes, they have the holding subsidiary relationship.
Section 2(87) defines subsidiary.Section 2(87) also includes body corporate under expression of word "company". And further as per section 2(11) body corporate includes "a company incorporated outside India".
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
