Meaning
Fellow subsidiaries means all the subsidiary companies under one holding company.
Fellow subsidiaries means all the subsidiary companies under one holding company.
Example:
HOL Limited – a
Holding Company
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.
Definition
The COST ACCOUNTING RECORDS (CYCLES) RULES, 1967 defines fellow subsidiary as follows
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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