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?
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
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 ?
