About this document
Rule 2 by hrishik810 is a document available to read on EtoBox.
New rules restrict companies from having more than two layers of subsidiaries, with exceptions for certain classes such as banking and insurance companies. Existing companies with more than the allowed layers must file a return and cannot add additional layers. Violations of these rules can result in fines for the company and its officers.
- Author
- hrishik810
- Language
- EN