corporate law
This query is : Resolved
krishnaraj p b
(Querist)
19 December 2009
if two government companies are holging 70% share of another company, can the latter company be called as a subsidiary company
CA.Balakrishnam.V
(Expert)
19 December 2009
unless the two investor govt companies have holding or subsidiary relationship between them, the investing (later) company cannot be subsidiary company.
Ankur Garg
(Expert)
21 December 2009
Very difficult to say with out the break up of above 70 percent. Can you share the break up of 70%.
CA Ravi Sisodia
(Expert)
21 December 2009
must be break up of 70%.
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