Subsidiary or Associate (URGENT)

[[email protected]]

Asalaam o Alaikum

My Dear Bro..

Subsidiary is those company where the parent have obtained 50 % or more VP (Either Appoint Director Ship of that company, Govern Financial or Operating Policy or Acquired Shares 50% or More)
However Associate are those company where the parent company made investment below from 50% and has not authority to govern financial or operating policy in such company.

If any confusion then contact again.

Regards

Umar.



<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by chmamir</i>
<br />AOA

Kindly help me in the following matter

'A' and his/her spouse 'B' holds 70% (30+40) in a listed company 'ABC' and none holds office of Director/CEO in ABC.

ABC holds 49% shares in a Private Limited Company 'XYZ'.

A and B holds 27% shares in XYS.

What is relation between ABC and XYZ (i.e. subsidiary or associate) in respect of Companies Ordinance, 1984 and under IAS/IFRS for accounting treatment.

Regrads

Amir
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">