Fellow Subsidiary(ies) : Meaning & Definition


Fellow subsidiaries means all the subsidiary companies under one holding company.


HOL Limited – a Holding Company

SUBS ONE Limited is the subsidiary company of HOL Limited.

SUBS TWO Limited is another subsidiary company of HOL Limited.

In the above case, SUBS ONE Limited and SUBS TWO Limited are the fellow subsidiaries of HOL Limited.


The COST ACCOUNTING RECORDS (CYCLES) RULES, 1967 defines fellow subsidiary as follows

A company is said to be a fellow subsidiary of another company if both are Subsidiaries of the same holding company.

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