Urgent: caro

ashisha (Practising CA) (261 Points)

08 August 2012  


Company X Ltd is a listed public company having a wholly owned subsidiary,Y Ltd. 2 of the directors of X Ltd are directors in Y ltd also. 
X ltd has had no transaction with Y ltd except for holding all its fully paid up equity shares.
Do we require to disclose the same in the CARO Reports of X ltd and Y ltd respectively?