what is holding companies accounts
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
A Company/Corporation can control the interest & voting
rights in another Company/Corporation through shareholding,
composition of Board of Directors, etc. Specific
legal/statutory provisions may differ from country to
country. The Company/Corporation which has a controlling
interest in the other is called a Holding Company & the
other (Controlled) is called a Subsidiary Company.
In India a Holding Company & Subsidiary Company are defined
by the Companies Act, 1956 and as per the provisions of the
said Act, a Company be deemed to be a subsidiary of another
if, but only if,-
(a) that other controls the composition of its Board of
directors; or
(b) that other -
(i) where the first-mentioned company is an existing company
in respect of which the holders of preference shares issued
before the commencement of this Act have the same voting
rights in all respects as the holders of equity shares,
exercises or controls more than half of the total voting
power of such company;
(ii) where the first-mentioned company is any other Company,
holds more than half in nominal value of its equity share
capital; or
(c) the first-mentioned company is a subsidiary of any
company which is that other's subsidiary.
A Holding company is required to prepare and present
Consolidated Financial Statements of itself and its
subsidiaries. This consolidated Accounts/Financial
Statements is called holding company accounts.
Is This Answer Correct ? | 12 Yes | 1 No |
Answer / vipin
As per the Companies Act 1956, a company can be a holding
copany when it is haveing 51% Equity shares of the existing
company or the existing company is the subsidary of one of
the subsiday of that company.
Is This Answer Correct ? | 4 Yes | 2 No |
Answer / swetha
Authority taken by one company on another company
contractual basis and all its functions where performed by it.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / omer
Hold accounts used for the transaction not yet finalized,
in case you want to buy goods by cash. That cash given to
you will be on hold account until the invoice received and
then convert it to expenses
Is This Answer Correct ? | 2 Yes | 12 No |
WHAT IS BIFR? GIVE THE DETAIL EXPLANATION
How can i make entry of tds on salary in tally
what is mergers and acqusitions? what is holding company?
what need to b a cs is graduation is necessary?
how will create minutes/time for our browsing customers
How will we know that this entry will go in this group in tally.
What are the main differences between corporate debt and equity? Why do some firms try to issue equity in the guise of debt?
1) What is the steps of delisting the listed company 2) How to spliting the listed company shares 3) Which way the company should function when it has paidup capital is equal or more than 5,00,00,000/- (I mean which way the company should do it work in the company Act 1956. Is the company have to appoint a CS and and managing director of a any other things which is compulsory for these kind of company which paid up capital is 5,00,000/-
How should a charity account for its branches?
what is credit managment & quqlity managment
give detail expansion about MIS Report?
5 Answers Oriental Bank Of Commerce,
what is three accounting rule?