Can a pvt. Ltd. company be subsidiary of Public company
This query is : Resolved
Santosh Kumar Kar
(Querist)
20 December 2008
There are two companies ;Company-1. an established pvt. mfg. company having a business potential of 30-35 crore ( having production capacity to double) and assets value of Rs,10-15 core. Company-2. is a newly formed ltd. compny in business is less then two year and turnover is around 5-6 crore. Is it correct to make the company-1 to subsidiary of company-2( which is a ltd. company).
Can any one suggest me a correct answer! if not what best thing can be done in view of a public issue in future?
Can any one suggest me a correct answer! if not what best thing can be done in view of a public issue in future?
CS Vivek Hegde
(Expert)
20 December 2008
yes company 1 i can become a subsidiary of company 2.. Thr is no restriction..turnover doesnt matter..
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