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Holding and Subsidiary Company

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Amruta (Querist)
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17 March 2010 is a pvt. co, 51% of whose shares are held by a company incorporated outside india and the remaining 49% is held by another pvt. company incorporated in india, treated as asubsidiary of a public company? Do help.

Thanx.
Amruta

Jagruti (CS)

Jagruti (CS) (Expert)
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18 March 2010 In your case, a pvt. Company whose 51% shares are held by a company incorporated outside india, will be treated as subsidiary of Public CO. only if, that body coroprate, if incorporated in India, would be public Company within the meaning of Section 3 of the Companies Act.

Hence you need to check the creteria for Public Company of a outside body corporate.

Amruta

Amruta (Querist)
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18 March 2010 Dear jagruti, could u mention the conditions for a pvt. cmpany to be treated as a subsidiary of a pub co?

Thanx,
Amruta

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