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Cross holding

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(Querist)
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.
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Kumar Babu.G

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Kumar Babu.G (Expert)
17 August 2011 Yes,but holding need not be equal to 50%.
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CS Sandip Rahane

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CS Sandip Rahane (Querist)
17 August 2011 May i know pls why holding need not be equal to 50%?

Any section / rule of C.Law applicable?

pls reply.
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CS Sandip Rahane

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CS Sandip Rahane (Querist)
17 August 2011 Dear Experts,

Pls reply.
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