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Subsidiary company

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 October 2012 Dear Friends,

An Italian company is holding more tahn 70% of the share capital in a pvt ltd company incorporated in India. Please tell me whether that company comes under the definition of holding&subsidiary company under the Companies Act, 1956. Waiting for your valuable advise.

Thank you in advance.
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CA Manish

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CA Manish (Expert)
12 October 2012 Yes, the pvt ltd co is the subsidiary of Italian Co.
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Amol S Joglekar

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Amol S Joglekar (Expert)
12 October 2012 So much so, "transfer pricing" provisions will also come into play. You need to check that as well.
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