Related party

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 January 2013 X co. holding 30% of shares in A 'co' and A co. holding 70% of shares in B co. and Y co. holding 30% of shares in B co. Sir now tell me whether X & Y co. are related to each other in this way or not. If yes then please tell me the treatment for it and If its no then Why?? Thank you in advance sir.

CA Prashant Gupta

CA Prashant Gupta (Expert)
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23 January 2013 as X co doesn't control B co. because it has only 30% shares in A co. and there is no associate relationship in X and Y also. So X Co. and Y Co. is not related as per AS 18

CA Prashant Gupta

CA Prashant Gupta (Expert)
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23 January 2013 https://www.caclubindia.com/articles/a-small-note-on-related-party-disclosure-16357.asp#.UP_lCvJ480M

perhaps it will help

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