Associate Company
This query is : Resolved
02 November 2009
Dear All,
Please let me know the meaning of Associate Company. Is it covered under company law.
Please let me know the meaning of Associate Company. Is it covered under company law.
02 November 2009
As per "Accounting Standard 23" Accounting for Investments in Associates in Consolidated Financial Statements
-------------------------------------------
An associate is an enterprise in which the investor has significant influence and which is neither a subsidiary nor a joint venture of the investor.
Common Meaning
----------------
Enterprise over which another enterprise exercises a degree of control which is less than the degree of control exercised over a subsidiary. In accounting, such control is typically taken to mean the ownership of at least 20 percent of voting shares, and some say in the management of the associate enterprises. Associated companies usually have interlocking directorates to ensure they have common policies and complementary objectives.
As per "Accounting Standard 23" Accounting for Investments in Associates in Consolidated Financial Statements
-------------------------------------------
An associate is an enterprise in which the investor has significant influence and which is neither a subsidiary nor a joint venture of the investor.
Common Meaning
----------------
Enterprise over which another enterprise exercises a degree of control which is less than the degree of control exercised over a subsidiary. In accounting, such control is typically taken to mean the ownership of at least 20 percent of voting shares, and some say in the management of the associate enterprises. Associated companies usually have interlocking directorates to ensure they have common policies and complementary objectives.
03 November 2009
I don't think it covered under company law.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
