https://www.taxtmi.com/manuals?id=5387 A subsidiary is a company in which the holding company controls board composition or more than half the voting power, including through other subsidiaries, subject to prescribed limits on layers. Group companies are separate legal entities under common control used for varied commercial purposes. Separate legal personality is generally respected, but courts may disregard it in exceptional, fact-specific cases of fraud, agency of members, or where a subsidiary is a mere camouflage for the holding company; mere common shareholding or directorship does not justify treating group members as one economic entity. en-us Mon, 21 Oct 2024 17:49:00 +0530 Mon, 21 Oct 2024 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5387 A subsidiary is a company in which the holding company controls board composition or more than half the voting power, including through other subsidiaries, subject to prescribed limits on layers. Group companies are separate legal entities under common control used for varied commercial purposes. Separate legal personality is generally respected, but courts may disregard it in exceptional, fact-specific cases of fraud, agency of members, or where a subsidiary is a mere camouflage for the holding company; mere common shareholding or directorship does not justify treating group members as one economic entity. Manuals Companies Law Mon, 21 Oct 2024 17:49:00 +0530 https://www.taxtmi.com/manuals?id=5387