Accounting Standard
This query is : Resolved
26 April 2008
In Co. X there are 7 directors, out of which 2 are also directors of another pvt ltd company (Total strenth is 2). No transactions took place between these two company. Can pvt ltd co. comes under the defination of subsidiary.
28 April 2008
Dear Vivek,
Please read it from your Private message i send the answer there.
Regards,
CA Krishan Aggarwal
Please read it from your Private message i send the answer there.
Regards,
CA Krishan Aggarwal
27 May 2008
no. of directors does not decide whether a company is subsidiary or not
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