Meaning of GROUP COMPANY

Samir Das (Querist) 11 December 2018 This query is : Resolved
Can a public charitable trust promoted by the group be a group company or is it just a related party? The public charitable trust is a foundation set up for donation of CSR Funds to avail tax deductions under Sec 80G of IT Act. Firstly, can a trust be a "company" to be considered to be an enterprise of Group Company?

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DR.VEDULA GOPINATH (Expert) 12 December 2018
Yes. Trust promoted by a group is a related party and Group should conform and comply with all provisions of SEBI companies act and Audit regulations.
cs dr vedula gopinath sr lawyer/arbitrator

Kumar Doab (Expert) 12 December 2018
You can benefit from above.

Dr J C Vashista (Expert) 13 December 2018
I agree with expert Dr. Vedula Gopinath, it is a group company.
Did you check with your C A or C S, the subject is within the domain of CA/CS ?
What is your locus standie to this academic question ?

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