Subsdiary under companies act 2013
This query is : Resolved
10 December 2015
Under Companies Act 2013, Can subsdiaries tranfer funds to Holding/parent company for business purpose, in the course of ordinary business ?
10 December 2015
Assuming that directors of subsidiary co. (as well as “other persons in whom directors are interested”) do not hold any shares in holding co, Sec. 185 is not attracted.
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