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holding and subsidiary company.

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(Querist)
19 October 2010 can a subsidiary co and holding co issue shares to each other at premium. wat is the procedure. what are the practical implications.
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
20 October 2010 Yes

Procedure is the same like in ordinary course you issue the shares at premium.

In my knowledge, thereis no tax implication.

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