Holding
Querist : Anonymous
my Q is that both the companies are holding subsidiary
Please check, whether other control the composition of Board of Directors of other company.
As per Section 4 of the Companies Act, a company shall be deemed to be a subsidiary of another, if that other controls the composition of its Board of Directors.
Querist : Anonymous
my query is that one com. director control other com. by majority of shares'
On the basis of majority shares holding by a director of other company, you can not said that such company will be controlled by first mentioned company.
Querist : Anonymous
sir my problem is that one com. director hold the majority of shares .Are both the companies holding subsidiary and comply with AS3 provisions
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