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| This query is : Resolved
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Author : Anonymous
( Author )
04 February 2013
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Whether the section is applicable to private limited company whose shares are held by A Ltd(74%) and B lTD (26%.
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Ajay Mishra
( Expert )
05 February 2013
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Hi
If it is a subsidiary of public company then the provisions of section 293 will apply to private limited company.
In your case , your company is subsidiary of A Ltd, so this section will apply on your company.
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Author : Anonymous
( Author )
05 February 2013
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Thank u so much for your reply Mr.Ajay.
This section requires a resolution passed in GM.
In my scenario,the shareholders are only legal entities and in that case how the resolution to be passed.
Can you pls answer this as well.
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Ajay Mishra
( Expert )
05 February 2013
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Hi
Their representatives will attend the meeting and pass the resolutions.
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Author : Anonymous
( Author )
05 February 2013
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Thank you Mr.Ajay
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Ajay Mishra
( Expert )
05 February 2013
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My Pleasure...........
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