subsidiary company of a company incorporated outside India, and such company is required to consolidate its accounts outside India, a different financial year can be followed subject to approval by the Tribunal. •Subsidiary company [Sec 2 (87)]
1 Jan 2011 known as subsidiary companies. Holding companies are able to nominate the majority of the directors of subsidiary company and therefore control such companies. Holding company meet directly from such subsidiary company or it may acquired majority OR shares in existing company. Such company
A Statement as per section 212 of Companies Act 1956. ( to enclose with final accounts of holding company). Particulars. Amt. 1. A copy of the last Balance sheet of the subsidiary company. 2. A copy of the last Profit & Loss Account of the subsidiary company. 3. A copy of the last report of the BOD of the subsidiary company.
This Report is required by law: Section 5(c) of the Bank Holding. Company Act [12 U.S.C. 1844(b) and (c)] and Section 225.5(b) of. Regulation Y [12 CFR 225.5(b)]. This report form is to be filed by all bank holding companies for each subsidiary that engages in bank-ineligible securities under- writing and dealing.
Key points. •. Only one definition of “subsidiary" proposed for both company law and accounting purposes. •. Section 7 of the Companies Bill 2012 sets out a new definition of “subsidiary" (and by extension, of “holding company"), which combines the definition of “subsidiary" (and. “holding company") in section 155 of the
11 Oct 2013 The presentation is a detailed notes on Holding and Subsidiary Companies.

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February 2018