Section 186 of CA, 2013
This query is : Open
14 March 2017
I have a query in Section 186. I am not clear with the language of the law. What does the law want to convey by using this language -
"A company to make Investment through not more than two layers of Investment companies"
This line is not clear to me, How can one make Investment in Companies through Investment companies?
14 March 2017
X ltd is any investment company... it has Y ltd a subsidiary which is also an investment company..... and again Y Ltd is having a subsidiary Zltd which is also an investment company......
here x ltd is having two investment layers one is Y.. and other is Z(through Y as holding)... layer means subsidiary. . if Z ltd is having any investment subsidiary then it is will be a contravention of section 186(1)......... Limit is only on investment companies. . there is NO RESTRICTION on having 2+ layers of manufacturing or trading companies
Message likes :
1 times
14 March 2017
So basically this section is applicable to Companies having a principle business of Investment? pls confirm.
14 March 2017
yes ..,....... right.....
Message likes :
1 times
16 March 2017
Thanks a lot
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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 ?
Trending Online Classes
CAclubindia
