The Bank Holding Company Act of 1956 required bank holding companies to refrain from all nonbanking related operations
The Public Utility Holding Company Act passed in 1935
where we can show bank overdraft in balance sheet
Sidney M. Sussan is the author of various books in the field of cultural anthropology, focusing on topics such as globalization, social change, and identity. His works have contributed to the understanding of how culture shapes human behavior and society.
joint stock company act
A company will be called a subsidiary/holding(sebtion-4 of companies act,1956)- if a company holding a company of another i.e it may be of (i).where the other company controls the composition of its board of directors,or (ii)where the company hold more than 50 percent of paidup capital,or (iii) The company is subsidiary of the subsidiary. IS CALLED THE SUBSIDIARY COMPANY .The other than subsidiary is called holding i.e which controls the other company due to the conditions stated above
Dissolve Holding companies
Not specifically prescribed in company act 1956 but in company act 2011 it is recommended that internal auditor must be ca/cma or other professional suitable for internal audit in opinion of board.
I know one company which is registered under sec-25 of the companies act 1956, its Bhartiya Micro Credit
To the registrar of companies and have to file the required documents as per the act
I want company balance sheet as per schedule 6 part1 of the companies act. 1956.
Gramm-Leach-Bliley Act
This act led to increased legislation between 1930 and 1960 that limited bank holding activity and expansion