Please can anyone explain me what are Group Companies?
A V Vishal (Advocate) 01 July 2009
Sunaina
Under the Companies Act, there is no such thing as a group company, however, in common understanding a group company is:
1. Companies promoted by a set of the same promoters.
2. A holding Company having one or more Subsidaries.
Ziaul Haque Ansari (Advocate) 01 July 2009
AJAY MISHRA (CS) 03 July 2009
Dear Mr. Sunaina
Group Company is not defined in Companies Act, 1956, but Section 370(1B) of the Companies Act, 1956 define the same management.
Regards
JAYANTA BANERJEE (ADVOCATE ) 05 July 2009
as per company's act there is no group company only promoters company and shareholders company exists
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