Co act querry
This query is : Resolved
shaleen kinger
(Querist)
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??
Jatin Bajaj
(Expert)
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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