Cross holding

This query is : Resolved 

17 August 2011 In the concept of Cross Holding, Can A company holds 50% shares of B Co. & B Co. can hold 50 % of shares of A Co.?

Pls reply.

17 August 2011 Yes,but holding need not be equal to 50%.

17 August 2011 May i know pls why holding need not be equal to 50%?

Any section / rule of C.Law applicable?

pls reply.

17 August 2011 Dear Experts,

Pls reply.


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