Holding Co & Subsidiary
This query is : Resolved
Cs.Gautam Roy
(Querist)
30 May 2011
ABC Pvt. Ltd is holding 85%
equity share of XYZ Pvt.Ltd
Both the company is also having
to common Director.
1.Is ABC Pvt.Ltd is a holding co of
XYZ Co Pvt. Ltd
2.Is XYZ Co is a subsidiary co
of ABC Pvt.Ltd.
3.In Annual ROC filing shall we have to give
details & Attachment.
Pls clarify.
equity share of XYZ Pvt.Ltd
Both the company is also having
to common Director.
1.Is ABC Pvt.Ltd is a holding co of
XYZ Co Pvt. Ltd
2.Is XYZ Co is a subsidiary co
of ABC Pvt.Ltd.
3.In Annual ROC filing shall we have to give
details & Attachment.
Pls clarify.
Jayashree S Iyer
(Expert)
31 May 2011
1. Yes. ABC Pvt. Ltd. is the holding company of XYZ Co. Pvt. Ltd. Please refer to Section 4(1)(b)(ii) which specifies that a company becomes a holding company if it holds more than half in nominal value of its equity share capital of the other company.
2.Yes.
3. Section 212 is applicable wherein the holding company needs to attach specified documents of its subsidiary to its Balance Sheet. However as per the recent MCA circular, there is exemption of attaching subsidiary company details if the holding company presents in its annual report the consolidated financial statements of the holding company and all subsidiaries duly audited by its statutory auditors.
2.Yes.
3. Section 212 is applicable wherein the holding company needs to attach specified documents of its subsidiary to its Balance Sheet. However as per the recent MCA circular, there is exemption of attaching subsidiary company details if the holding company presents in its annual report the consolidated financial statements of the holding company and all subsidiaries duly audited by its statutory auditors.
Cs.Gautam Roy
(Querist)
31 May 2011
Thank a lot for your answer
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Additional trade name
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
