293(1)(d)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2013 Whether the section is applicable to private limited company whose shares are held by A Ltd(74%) and B lTD (26%.

Ajay Mishra

Ajay Mishra (Expert)
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05 February 2013 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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Querist : Anonymous

Querist : Anonymous (Querist)

05 February 2013 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.

Ajay Mishra

Ajay Mishra (Expert)
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05 February 2013 Hi

Their representatives will attend the meeting and pass the resolutions.

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Querist : Anonymous

Querist : Anonymous (Querist)

05 February 2013 Thank you Mr.Ajay

Ajay Mishra

Ajay Mishra (Expert)
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05 February 2013 My Pleasure...........

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