Step-down Subsidiary Co. & Fellow Subsidiary Co.

This query is : Resolved

CS Om Daga (Querist)
Follow

09 October 2009 Please tell me the difference between Step-down Subsidiary Company and Fellow Subsidiary Company along with example.

Jagruti (CS)

Jagruti (CS) (Expert)
Follow

31 October 2009 Suppose ABC Ltd Has
X is subsidiary if A
Y is subcidiary of X
B is sucidiary of A

Step Down Subsidirary mean subsidiaries of direct subsidiary i.e in above case Y is step down sub of A

While fellow subcidiary means other subsidiaries of holding company, in above case B & X are fellow subcidiary.

I hope u got it else let me know.

Message likes : 4 times