Small company

[Bharti Ahuja]

Hi Friends,

Wanted to check if a subsidiary of a foreign holding body corporate can be treated as a small company (such subsidiary satisfies the small company threshold). Small company definition does not apply to holding and subsidiary companies.

My doubt is holding company definition says for the purpose of this clause (sec 2(46), company includes body corporate. This explanation was inserted in 2018.

With the above change in holding company definition, does this means indian company of a foreign subsidiary will be treated as normal subsidiary (regardless it satisfies the small company thresholds)

[CS V Kartik]

Once it's a holding or subsidiary company of other company, it will be outside the purview of small company.

Kartik

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[Bharti Ahuja]

Ok thanks

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