Can a subsidiary have two parents at the same time ?

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )   (3468 Points)

29 February 2016  

Friends & Seniors

Can a subsidiary have two holding companies ? One by virtue of holding more than 50% share capital and other owing to control of composition of board of directors.

Please find attched a write up from Students' Guide to Accounting Standards by author FCA D.S.Rawat.

Regards

Dipjyoti