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  • Corporate Governance: Subsidiary Company

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    1) A subsidiary company is a company that is 50% or more owned by another company, called the parent company or holding company. 2) A subsidiary can be partly owned if between 50-100% of its stocks are owned by the parent company, or wholly owned if 100% are owned. 3) The board of directors, audit committee, and CEO and CFO of a subsidiary must ensure accurate financial reporting and compliance with applicable accounting standards and laws.

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    1) A subsidiary company is a company that is 50% or more owned by another company, called the parent company or holding company. 2) A subsidiary can be partly owned if between 50-100% of its stocks are owned by the parent company, or wholly owned if 100% are owned. 3) The board of directors, audit committee, and CEO and CFO of a subsidiary must ensure accurate financial reporting and compliance with applicable accounting standards and laws.

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    6 views10 pages

    Corporate Governance: Subsidiary Company

    Uploaded by

    raffat301
    1) A subsidiary company is a company that is 50% or more owned by another company, called the parent company or holding company. 2) A subsidiary can be partly owned if between 50-100% of its stocks are owned by the parent company, or wholly owned if 100% are owned. 3) The board of directors, audit committee, and CEO and CFO of a subsidiary must ensure accurate financial reporting and compliance with applicable accounting standards and laws.

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    of 10

    Corporate Governance

    Subsidiary Company

    April 23, 2018


    What is Subsidiary Company????
    Up to 50% Controlled
    Parent
    of stocks by Other
    company or
    ownedItem
    by company
    2 Item 3
    Holding
    other company
    company

    Sometimes
    100% of Owned by
    stocks other
    owned by Company
    other Subsidiary
    Company
    Parent company
    or
    Holding company

    If owned up to 50% of
    Partly stocks not 100%
    Subsidiary
    company

    If owned 100% of its


    Wholly stocks
    Subsidiary
    Board of Director

    Board meeting

    Considerable Subsidiary Holding

    facts Company Company

    The Audit
    Committee

    Provisions
    Who is CEO and CFO???

    CEO CFO
    No
    True Misleading
    and
    fair
    No
    Fraudulent
    Financial
    statement
    No
    Violation  
    Accounting
    Standard

    Applicable
    CEO and CFO
    Law
    REPORTING
    AND
    COMPLIANCE OF
    CORPORATE GOVERNANCE

    Who will prepare those?

    Chartered Secretary

    Chartered Accountant Cost and Management


    accountant
    Annexure
    report whether the company has
    complied with the conditions.
    35

    25 22

    15
    Thank you

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