holding and subsidiary relationship
This query is : Resolved
archana shah
(Querist)
03 May 2011
one of the public co."A" (holding co.)holds together with the pvt. co. "B" (wholly owned saubsidiary) about 75% of the nomoinal capital of one of the other co. "C" but their individual holding in such other co. "C" doesn't exceeds 50% or more than 50%
what will be the status of such other third co. "C" whether it is a subsidiary of "A" u/s 4 of the companies act,1956
what will be the status of such other third co. "C" whether it is a subsidiary of "A" u/s 4 of the companies act,1956
udit sharma
(Expert)
03 May 2011
Yes... C will be a subsidiary of A under the Companies Act, 1956
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