Niki Shingade
(Company Secretary)
(83 Points)
Replied 04 March 2010
The nature of the subsidiary will depend on the purpose of formation of such company
Regards,
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 04 March 2010
it depends on nature & scope of business...n also on management's future plans...
Rasesh
(CS CWA MBA (Fin) B.Com LL.B (Spl))
(6501 Points)
Replied 04 March 2010
Agree with above views.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 06 March 2010
Completely agree with the above replies. However, whatever the form of company it will be considered as a Public Company. Because the subsidiary of public company will also be considered as Public company.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
