WOS

koi nhi hai jo meri query ka reply kar sake.....???

Shriddhi,

For holding subsidiary relation, there must be 2 Companies. How can one company be the subsidiary of HUF.....

Originally posted by : CS Ankur Srivastava
	Shriddhi, For holding subsidiary relation, there must be 2 Companies. How can one company be the subsidiary of HUF.....

Also posted in your previous same posts...that HUF can not make overseas investment.

Thanks

But a partnership firm can own a WOS. Howz that possible then...???

Every thing is defined in FEMA n RBI except the defiinition of HUF... I dont knw whether to treat HUF as an individual or an indian party/entity...??

Pls tell me.

Originally posted by : Shridhi Jain
	But a partnership firm can own a WOS. Howz that possible then...??? Every thing is defined in FEMA n RBI except the defiinition of HUF... I dont knw whether to treat HUF as an individual or an indian party/entity...?? Pls tell me.

 Hi Shridhi

In my view,

Partnership is a firm with  2 or more partners. So making another entity as its

subsidiary is allowed subject to the % of holding shares.

Where as HUF, though a group is yet operated only through KARTA , i,e

Head of the family - an individual. The involvement of other members of HUF

is business is not active except KARTA ( Only 1 Individual).

This could be the reason, why HUF is not allowed for overseas investment.

This is my view, experts please correct if i am wrong.

i Further stand with Mr. Ankur's view.

regards

Santosh Shah