As we all know that XBRL is applicable to all listed Companies and their Indian subsidiaries, my query is , if it is applicable to the step down indian subsidiaries also.?
3 Replies
Nitin Garg
(CA FINAL Article Trainee B.com)
(171 Points)
Replied 03 September 2011
Yes, Because a company is deemed to be a subsidiary of another if (but only if):
(a) that other
(i) is a member of it and controls the composition of its board of directors; or
(ii) holds more than half in nominal value of its equity share capital; or
(b) the first-mentioned company is a subsidiary of any company which
is that others subsidiary.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 03 September 2011
GOOD REPLY BY NITIN. AGREED
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 03 September 2011
Exactly, agree with learned members.
Recent Topics
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
Related Threads
CAclubindia
