05-12-2011, 09:02 PM
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
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
