creation of subsidiary by listed company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 June 2010
What is the procedure for creation of subsidiary by listed company? What are the legal requirements to be fulfilled?
Ankur Garg
(Expert)
18 June 2010
Acquisition of equity in the target company by holding company may be considered as a method of creation of subsidiary.
More than 50% equity of the target company must be with holding company.
Regards
More than 50% equity of the target company must be with holding company.
Regards
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