Tag Archives | Inter-Company Holdings

Top 6 Problems on Inter-Company Holdings of Shares

The following points highlight the top six problems on inter-company holdings of shares with their relevant solutions. Illustration 1: The abridged balance sheet of Vidur Ltd. as at 31st March, 2012 was as follows: Illustration 2: The following are the summarized Balance Sheets of X Ltd. and Y Ltd. as on 31st March, 2012: Illustration […]

Inter-Company Holdings in Final Accounts | Holding Companies

In India, a subsidiary company is not allowed to acquire shares in its holding company. But if the subsidiary company had acquired shares in the holding company before it became the subsidiary or before the commencement of the Companies Act, 1956, the company can continue to hold the shares [section 42 (3)]. However, the subsidiary […]

shopify traffic stats