An Indian Party can utilize the networth of its Indian subsidiary/holding company to the extent not availed of by the holding company or the subsidiary company independently subject to :
a) Holding company holds at least 51% direct stake in the Indian Party.
b) The Indian party holds at least 51% direct stake in its subsidiary company
c) The holding or subsidiary company furnishes a letter of disclaimer for the same in favour of the Indian Party.
This facility is not available to / from partnership firms.
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