Can a pvt. Ltd. company be subsidiary of Public company
This query is : Resolved
20 December 2008
There are two companies ;Company-1. an established pvt. mfg. company having a business potential of 30-35 crore ( having production capacity to double) and assets value of Rs,10-15 core. Company-2. is a newly formed ltd. compny in business is less then two year and turnover is around 5-6 crore. Is it correct to make the company-1 to subsidiary of company-2( which is a ltd. company).
Can any one suggest me a correct answer! if not what best thing can be done in view of a public issue in future?
Can any one suggest me a correct answer! if not what best thing can be done in view of a public issue in future?
20 December 2008
yes company 1 i can become a subsidiary of company 2.. Thr is no restriction..turnover doesnt matter..
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Eway bill for machinery reparing
- Form 10BD Filling
- Error whiling application of GST REFUND (ANNEXURE B)
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
