Compliance requirement.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2014
Dear Professionals,
I'm very confussed as the case is related to holding and subsidiary company. The query is given as below:
1. A- An Indian Company(Holding).
2. B- A Comapany Located in Belgium
(Subsidiary).
3. Company B has hold shares in an American
Company and now Comapny B has sold it's
investment.
4. What are the Sections levied and applied
under which certain provisions are
required?
As, per my opinion the both companies has to hold Board Meeting under Powers of Board u/s 179 and 117 filled Form MGT-14.
I'm very confussed as the case is related to holding and subsidiary company. The query is given as below:
1. A- An Indian Company(Holding).
2. B- A Comapany Located in Belgium
(Subsidiary).
3. Company B has hold shares in an American
Company and now Comapny B has sold it's
investment.
4. What are the Sections levied and applied
under which certain provisions are
required?
As, per my opinion the both companies has to hold Board Meeting under Powers of Board u/s 179 and 117 filled Form MGT-14.
17 August 2014
I think it would be better for you to get in touch with an experienced professional like CA or CS. He will guide you keeping in view the provisions of CA 2013.
From the above query transaction is not clear. So explain the same to a professional near your place.
Thanks
From the above query transaction is not clear. So explain the same to a professional near your place.
Thanks
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