Formation of WOS
This query is : Resolved
15 May 2010
Can anyone please provide me procedure of forming Wholly Owned Subsidiary of public company.Public company is situated in India.Public co. wants to form private WOS co.
17 May 2010
the procedure will not change much. Only few points are to be taken care.
All the process from name approval stage should be done specifying that the company would be a wos of the public limited company.
After name approval is obtained, the MOA/AOA should have in the subscribers list the name of the public limited company as the first subscriber. The other one subscriber may be made to hold 1 share on behalf of the public limited company. After incorporation, make the necessary declarations stating that the beneficial interest of the 1 shares is also with the public limited company.
All the process from name approval stage should be done specifying that the company would be a wos of the public limited company.
After name approval is obtained, the MOA/AOA should have in the subscribers list the name of the public limited company as the first subscriber. The other one subscriber may be made to hold 1 share on behalf of the public limited company. After incorporation, make the necessary declarations stating that the beneficial interest of the 1 shares is also with the public limited company.
17 May 2010
sir can u please provide me format of last page of MOA where subscriber will sign? n in subscribtion page can one person sign for both subscriber?
17 May 2010
No. seperate persons required. I have a public ltd wos of a public ltd. If you want, i can send the scanned copy of the MOA. Send me ur mail id.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Change Of Karta In Case of Death
- TDS on purchase of under construction property from a reseller
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- UDIN ISSUE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
