companies act

This query is : Resolved 

21 May 2009 SEC-617 GOVERNMENT COMPANY means not less than 51% of paidup share capital "held" by the the folloowings
1.central govt
2.state govt
3.central govt and state govt or corporatons owned by C.G,S.G.

SEC-4 HOLDING COMPANY means
A COMPANY "HOLD" MORETHAN HALFOF PAIDUP SHARE CAPITAL IN ANOTHER COMPANY.

QUESTION:

IN ABOVE ABSERVATINS WHAT IS THE DIFFERENCE BETWEEN "HELD","HOLD".

21 May 2009 Section 617 says 'paid up share capital'.
Section 4 says 'nominal value of share capital'.

22 May 2009 As far as Section-617 & Section-4 is concerned there is no difference between "HELD" and "HOLD".

Regards

09 December 2010 THANK YOU SIR


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