11 November 2009
If a subsidiay's financial yr end 9 months preceding the financial yr end of the holding company, what are th implications? is stmt u/s 212 still be required?
Yes it is mandatory to comply the 212 (1) (e) statement and also needs to be disclose the facts and financials with the holding company for the financial year
If a subsidiary company yr end 9 months preceding the financial yr end of the holding company then also it is necessary to comply 212(1)(e) statement
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