Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / 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 |
Post New Answer View All Answers
when will be appsc exams will held pls give me the dates
Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method
sir i want aao lic exam model question paper
what is mean by tax holiday?
what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?
In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain
Is it possible to list only a portion of Equity Shares leaving the balance as unlisted?
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
hat is the meaning of the capital ique,and hat is capital,and ahat is ique
how to solve the problem of sechdule date problem in sap proframme.
I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap
MY QUESTION IS THAT IS WHEY WE SELL THE UPS IN THE MARKET BUY FROM THE IMPORT WHAT THE DUTY WE WILL FORWARD TO THEM.
STATE & EXPLAIN THE IMPACT OF GLOBAL FINANCIAL CRIS ON CEMENT SECTOR IN INDIA:
How often is the stock market ticker updated? 15sec? 30sec?
