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creation of subsidiary by listed company

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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?
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Ankur Garg

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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.

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