Holding co.

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Ravi (Querist)
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14 June 2013 Whether a company becomes automatically a holding company after acquiring 51% or more voting stake in another co.

Ajay Mishra

Ajay Mishra (Expert)
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14 June 2013 Hi

Yes, from the date of allotment resulting acquiring more than 50% of holding shall become the holding company of such company.

The date of allotment will be taken in to account for becoming holding company.

Ravi

Ravi (Querist)
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14 June 2013 Thanx a lot

Ajay Mishra

Ajay Mishra (Expert)
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14 June 2013 My pleasure....

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