BOD of ABC Limited, a listed public company decided to incorporate a subsidiary company.
My question is whose name should be given as the subscribersin the MOA & AOA of the subsidiary company and who should be the directors of the subsidiary comapany
SUBSIDIARY company is private or public?
in case a company wants to form a wholly owned subsidiary, it can nominate any person to be the subscriber and/ or director of the subsidiary, but the ultimate ownership will be in the name of the holding company and such directors will be the nomiee directors
| Originally posted by : Shraddha Shukla | ||
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thanx, what will be the situation in both cases where the subsidiary company is a private or public company
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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