Companies Act: How Useful Is The ‘Two Layers Of Subsidiaries’ Rule?
Stamps used to brand leather ball gloves sit on shelves (Photographer: Cooper Neill/Bloomberg)

Companies Act: How Useful Is The ‘Two Layers Of Subsidiaries’ Rule?

A recent notification by the Ministry of Corporate Affairs restricts the ability of certain companies to create multiple layers of subsidiaries. The notification is being seen as the government’s a...
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