Clarification with regard to holding of shares or exercising power in a fiduciary capacity - Holding and Subsidiary relationship under Section 2(87) of the Companies Act, 2013.

Clarification with regard to holding of shares or exercising power in a fiduciary capacity - Holding and Subsidiary relationship under Section 2(87) of the Companies Act, 2013. https://www.taxtmi.com/circulars?id=52606 Shares held or powers exercisable by a company in another company in a fiduciary capacity shall not be counted for the purpose of determining the holding-subsidiary relationship under section 2(87) of the Companies Act, 2013; this clarification aligns with prior exclusion under the Companies Act, 1956 and is issued by the Ministry of Corporate Affairs for registrars and regional directors. en-us Fri, 27 Dec 2013 00:00:00 +0530 Fri, 27 Dec 2013 15:16:00 +0530 TaxTMI RSS Generator Clarification with regard to holding of shares or exercising power in a fiduciary capacity - Holding and Subsidiary relationship under Section 2(87) of the Companies Act, 2013. https://www.taxtmi.com/circulars?id=52606 Shares held or powers exercisable by a company in another company in a fiduciary capacity shall not be counted for the purpose of determining the holding-subsidiary relationship under section 2(87) of the Companies Act, 2013; this clarification aligns with prior exclusion under the Companies Act, 1956 and is issued by the Ministry of Corporate Affairs for registrars and regional directors. Circulars Companies Law Fri, 27 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52606