Specify the holding subsidiary relationship between both companies?
Kalyani K.Patil (Student CA IPC / IPCC) (27 Points)
30 November 2016Kalyani K.Patil (Student CA IPC / IPCC) (27 Points)
30 November 2016
Nikhil Sharma
(Government Service)
(539 Points)
Replied 30 November 2016
Yes, they have the holding subsidiary relationship.
Section 2(87) defines subsidiary.Section 2(87) also includes body corporate under expression of word "company". And further as per section 2(11) body corporate includes "a company incorporated outside India".
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