Can a holding company take money out of subsidiary account and not return them?

Yes, a holding company can take money out of a subsidiary's account, but this action must comply with legal and contractual obligations. If the funds are taken as a legitimate dividend, management fee, or loan, it may be permissible. However, if the funds are taken without proper authorization or in violation of agreements, it could lead to legal consequences. It's essential for both parties to maintain clear records and adhere to corporate governance standards.