Will the X Company will be an affiliate of Y Company if Y Company holds 50% shares in X Company ?
Companies Act and LODR doesn't define the term affiliate.
Request to accord views please.
What are the implications as per the IT acts and company acts, if a company doesn't want to charge depreciation? Will the IT department allow a non charging of depreciation?
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I have a query related to post incorporation formalities
Is it necessary to deposit the paid-up capital in a company's bank account within 30 days of Incorporation certificate received?
What will be the consciences in case a company doesn't deposit the same?