Please answer

Corporate & Other Laws

In case of computing layers of subsidiaries if the first layer of subsidiary is a wholly owned one then how may layers are permissible

Remya Raveendran

CA Inter

★ 270

01-Oct-21 09:27

515

Answers (1)

Best Answer

Two further. Provision is 2 layers of subsidiaries. One layer which consists of one or more wholly owned subsidiary(ies) shall not be taken into account.

Sahibdeep Singh

CA Inter

★ 14K+

01-Oct-21 10:29