Holding & subsidiary company

Why Shares held by a company in a fiduciary capacity should not be counted for the purpose of determining holding-subsidiary relationship?

ANISH KUMAR R

CA Inter

★ 2K+

02-Jun-20 11:24

Answers (2)

Because they are not held with an intention to control or direct the management / operations of other company.

Sriram Somayajula

Admin

04-Jun-20 08:33

Because they are not held with an intention to control or direct the management / operations of other company.

Thank u

ANISH KUMAR R

CA Inter

★ 2K+

04-Jun-20 09:29

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