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Procedure to close subsidiary comapny of a public limited co

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(Querist)
01 April 2013 Hi Friends,

I want to know the procedure & time period require to close Subsidiary of a public limited Company.


Regards,

KAMAL TAYAL
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Ajay Mishra

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Ajay Mishra (Expert)
01 April 2013 Hi

I think, for removing the status of company, make fresh allotment of shares to another to reduce the amount of shareholding of holding company to less than 50%.

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