https://www.taxtmi.com/acts?id=15322 A multi State co operative society may, by majority resolution at a general meeting, promote one or more subsidiary institutions to further its objects; such subsidiaries exist only while the general body deems necessary. The society must not transfer its substantive business to the subsidiary. A subsidiary is established by control of management or governing body or by holding more than half the nominal value of equity shares, excluding partnership firms. Annual reports and accounts of subsidiaries must be placed annually before the promoting society's general meeting. en-us Wed, 21 Sep 2011 12:18:46 +0530 Fri, 05 Jul 2024 13:16:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15322 A multi State co operative society may, by majority resolution at a general meeting, promote one or more subsidiary institutions to further its objects; such subsidiaries exist only while the general body deems necessary. The society must not transfer its substantive business to the subsidiary. A subsidiary is established by control of management or governing body or by holding more than half the nominal value of equity shares, excluding partnership firms. Annual reports and accounts of subsidiaries must be placed annually before the promoting society's general meeting. Act-Rules Trust and Society Wed, 21 Sep 2011 12:18:46 +0530 https://www.taxtmi.com/acts?id=15322