100% subsidiary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2014 hello everyone
i would like to ask you that how co a company become 100% holding company according to co act 2013??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 November 2014 with holding or having 100% of equity shares of the particular company

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2014 sir but how can a company hold 100% shares of a particular company??? as memebers will be below 2 as required by law...

CS Adnan Shaikh

CS Adnan Shaikh (Expert)
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29 November 2014 Keep nominee shareholder for a small portion of capital

Example: out of 10,000 shares
A Ltd - 9,990 shares
(X person) Nominee of A Ltd - 10 shares

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2014 Mr adnan this is according to ca act 1956... i am asking in co act 2013 becuase co act 2013 says about shareholding and not voting power..
thank you