Dear Sir

How can an unlisted public company restrict splitting of share certificates requested by shareholders?

Dear Friends,

I had a following query-

A Ltd. (public unlisted co ) wishes to acquire 100% shares of B Ltd. (unlisted co.).

Kindly confirm that -

1- whether A Ltd. can acquire 100% shares of B Ltd. or there have to be min. 7 members of B Ltd.?

2- whether the main objects of B Ltd. (proposed 100% subsidiary of A Ltd.) have to be commensurate with the objects of A Ltd.?

3- whether the said acquisition can take place by just transfer of shares by individual shareholders of B Ltd. in favour of A Ltd. and no other formalities required?

One of my client company is engaged in manufacturing activities & trading activities. The turnover of the compnay from manufacturing is 16 Crores approx whereas 90 crore from trading. Whether the cost audit will be applicable of turnover criteria of 100 crore or not. The manufacturing activity is covered under Excice Tariff as applicable for cost audit Thanks & Regards Santosh

Read more at: https://www.caclubindia.com/forum/applicability-of-cost-audit-236415.asp#.UQJhVfJobaQ

Hello All
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