Difference between Promoter group company & subsidiary compa
This query is : Resolved
22 January 2009
what is difference between subsidiary co & promoter group company
CS Vivek Hegde
(Expert)
22 January 2009
If a company holds more that 51% share in a co the latter is the subsidiary of the formar..the formar wil be the holding co...
in this case if the former subscribes to the MOA of the subsidiary it becomes Promoter Group Co.
in this case if the former subscribes to the MOA of the subsidiary it becomes Promoter Group Co.
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