Lex comply

    Small company

    Posted By : Sachin / Published on : 20-Jan-2021 01:26 PM / View : 72 / Comment : 0
    Print button
    Hi Friends,

    Wanted to check if a subsidiary of a foreign holding body corporate can be treated as a small company (such subsidiary satisfies the small company threshold). Small company definition does not apply to holding and subsidiary companies.

    My doubt is holding company definition says for the purpose of this clause (sec 2(46), company includes body corporate. This explanation was inserted in 2018.

    With the above change in holding company definition, does this means indian company of a foreign subsidiary will be treated as normal subsidiary (regardless it satisfies the small company thresholds)
    Read more on : company small



    Other Queries from Sachin
    What's New on

    Unanswered Queries
    Latest Queries
    Like us on Facebook
    Follow Us on Twitter

    We are always here to help you. Don’t hesitate to contact us anytime!

    +91-9988424211 or ask@compliancecalendar.in