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    Clarification Required for Associate Company

    Posted By : Sachin / Published on : 17-Dec-2020 11:20 AM / View : 279 / Comment : 0

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    A Ltd. was incorporated on 09/03/2020. B Ltd. was a subscriber to the MOA of A Ltd. for 40% shareholding.

    However, B Ltd. gave money for the shares on 10/04/2020.

    In this case, will A Ltd. be an Associate Company of B Ltd. as on 31/03/2020?? Though A Ltd was incorporated, money was not paid as on 31/03/2020.

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