Holding Company
A holding company is one which controls one or more companies either by holding shares in that company or companies are having power to appoint the directors of those company
The company controlled by holding company is known as the Subsidary Company.
Consolidated Balance Sheet: It is the b/s of the holding company and its subsidiary company taken together.
Partnership act 1932: Partnership means an association between two or more persons who agree to carry the business and to share profits and losses arising from it. 20 members in ordinary trade and 10 in banking business
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