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The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders.

When a spin-off occurs, the shareholders of the parent corporation are not required to surrender any of their parent corporation stock in exchange for the subsidiary's stock.

In the event that the distribution of stock to the parent corporation's shareholders amounts to a dividend, the distribution can be taxed pursuant to provisions of Income Tax statutes.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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As per the reply, the LeT, JuD and Falah-i-Insaniat Foundation (FIF) are facing UN sanctions, therefore, the interior ministry 'furnished comments to the ECP that the registration of MML, an offshoot of the same network of JuD/FIF (which apparent in MML as well), was not supported'.
It is regarded as the hardline offshoot of the PKK, rejecting any attempt at ceasefire talks with the Turkish state.
He told reporters at a news conference that authorities have been trying to confirm the authenticity of a still photo being circulated on Twitter by social media accounts supportive of Egyptian offshoot of terrorist ISIS, that showed a headless body.
And according to Redcar musician and co-organiser of the Redcar offshoot, Bob Fortune, it went so well, the experiment may be repeated.
"In Jordan, reformists in the group's offshoot, led by Ruhail Gharaybeh and Nabil Koufahi, call for a constitutional monarchy in the kingdom and urge the group to join ranks with other groups in one comprehensive political reform program," he wrote in AL HAYAT.
With Hamas being EMB's fighting offshoot and now ruling the Gaza Strip, HuT is increasingly more active in the multi-ethnic and impoverished Fergana Valley, which spills across the borders of Uzbekistan, Tadjikistan, and Kyrgyzstan.
THE Offshoot is making one of its only UK appearances at The Cluny on Wednesday, November 21, at 8.30pm.
An offshoot of that company leases back the "Crown" buildings to the country at an astronomical price but they do not pay tax in the UK.
TM is an offshoot of Hinduism, though some of its supporters eschew its religious underpinning and argue the practice is actually science-related.
Even a hardboiled environmentalist would have to admit that the offshoot of their sound business practices, such as the minute 2% of greenhouse gasses United Products--which manufactures, among other things, helicopters and rockets--produces helps preserve the environment.
The group, thought to be an offshoot of the Kurdistan Workers Party, said: "We have promised to turn Turkey into hell."
What they found among members of the Fundamentalist Church of Jesus Christ of Latter Day Saints--an offshoot of Mormonism--was a culture of "widespread sexual abuse and child exploitation" in which "girls as young as 13 are forced into marriage." Equally disturbing was the finding that, for the past fifty years, "government authorities on all levels did little to intervene or protect generations of victims."