Holding Co & Subsidiary
This query is : Resolved
30 May 2011
ABC Pvt. Ltd is holding 85%
equity share of XYZ Pvt.Ltd
Both the company is also having
to common Director.
1.Is ABC Pvt.Ltd is a holding co of
XYZ Co Pvt. Ltd
2.Is XYZ Co is a subsidiary co
of ABC Pvt.Ltd.
3.In Annual ROC filing shall we have to give
details & Attachment.
Pls clarify.
equity share of XYZ Pvt.Ltd
Both the company is also having
to common Director.
1.Is ABC Pvt.Ltd is a holding co of
XYZ Co Pvt. Ltd
2.Is XYZ Co is a subsidiary co
of ABC Pvt.Ltd.
3.In Annual ROC filing shall we have to give
details & Attachment.
Pls clarify.
31 May 2011
1. Yes. ABC Pvt. Ltd. is the holding company of XYZ Co. Pvt. Ltd. Please refer to Section 4(1)(b)(ii) which specifies that a company becomes a holding company if it holds more than half in nominal value of its equity share capital of the other company.
2.Yes.
3. Section 212 is applicable wherein the holding company needs to attach specified documents of its subsidiary to its Balance Sheet. However as per the recent MCA circular, there is exemption of attaching subsidiary company details if the holding company presents in its annual report the consolidated financial statements of the holding company and all subsidiaries duly audited by its statutory auditors.
2.Yes.
3. Section 212 is applicable wherein the holding company needs to attach specified documents of its subsidiary to its Balance Sheet. However as per the recent MCA circular, there is exemption of attaching subsidiary company details if the holding company presents in its annual report the consolidated financial statements of the holding company and all subsidiaries duly audited by its statutory auditors.
31 May 2011
Thank a lot for your answer
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- 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
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
