prakash (Company Secretary) (1352 Points)
14 September 2014Dear All
One of our client is major shareholder in four companies, He want to have the "group companies" registration for his four companies to bring them under one group, but as per as Companies Act is concern in my knowledge, there is no concept of registration of group companies and it attracts status of group company to each other, because of the common shareholding.
Expert views are solicited for valuable opinion.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 15 September 2014
There is no concept of group company under Companies Act and hence question of registration as group company does not arise. The Act has only prescribed associate company, joint venture company, holding/subsidiary company etc.
CAclubindia
