Foreign-held holding company permission to provide arm's-length support services to downstream subsidiaries and charge fees. Foreign-held NBFC holding companies that had prior approval and have restructured into downstream joint ventures with domestic participation may render support and facilities to their downstream subsidiaries/JVs on an arm's length basis and may charge fees, provided a formal agreement is executed between the holding company and the downstream subsidiaries/JVs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign-held holding company permission to provide arm's-length support services to downstream subsidiaries and charge fees.
Foreign-held NBFC holding companies that had prior approval and have restructured into downstream joint ventures with domestic participation may render support and facilities to their downstream subsidiaries/JVs on an arm's length basis and may charge fees, provided a formal agreement is executed between the holding company and the downstream subsidiaries/JVs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
