Fellow Subsidiary(ies) : Meaning & Definition
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
fellow subsidiary as follows
company is said to be a fellow subsidiary of another company if both are Subsidiaries of the same holding company
Rate this post
Post Comments (Atom)