What are the rules and regulations under the companies act that a indirectly wholly owned subsidiary of parent company?

Under the Companies Act, an indirectly wholly owned subsidiary is subject to various rules and regulations, including the requirement to prepare and file financial statements, maintain proper accounting records, and comply with corporate governance standards. It must also adhere to disclosure requirements regarding its relationship with the parent company and any transactions between them. Additionally, it may be required to hold annual general meetings and ensure compliance with statutory obligations regarding dividends and capital maintenance. The parent company is responsible for consolidating the subsidiary's financial statements into its own.