Co act querry
This query is : Resolved
29 May 2016
Please suggest!
Thanks in advance!
If A limited has 100% holding in B limited and 100% holding in C limited, and B Limited holds 51% shares in D Limited and the rest 49% shares are held by C Limited. Will D Limited be treated as wholly owned subsidiary of A Limited. ??
M sure, D Limited will be a subsidiary of A Limited by virtue of being a subsidiary of B Limited. But will it be a wholly owned subsidiary as well??
30 May 2016
No, it will not be the Wholly owned subsidiary Company. Wholly owned Subsidiary Company is the Company in which 100% of the holding is holed by Parent Company.
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