Whether Balance sheet of holding company in terms of Sec. 212(1) of the companies act, 1956 applicable to private companies (both the holding & subsidiary being private ltd cos not subsidiary of any public ltd cos).
expert views are solicited.
CS GK Murty (Company Secretary) (225 Points)
23 July 2009Whether Balance sheet of holding company in terms of Sec. 212(1) of the companies act, 1956 applicable to private companies (both the holding & subsidiary being private ltd cos not subsidiary of any public ltd cos).
expert views are solicited.
Malav Shah
(Company Secretary and AVP Legal)
(171 Points)
Replied 23 July 2009
Yes, Sec 212 is applicable to all the Companies. Private Companies incuded. It is mandatory to attach the B/s of subsidiary with the Holding company. You can obtain an exemption from Central Government by an aplication.
Regards
Malav
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