holding Co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2010
pl. tell me how much share should have,for holding co. to subs. co.,also tell me about the Govt.Co
12 May 2010
As per the defination of Subsidiary Co. Company can be said to be sub. of another if that other controls its Composition of Board of Director or holds more than 50% paid up equity share capital (Sec 4 of Co's Act).
12 May 2010
agreed with Mr. Rahul
12 May 2010
As per Section 617 of Co's act>
Government company, means any company in which not less than fifty one per cent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary of a Government company.
Some of the features of the Govt Co. are >
- It is formed under the provisions of the Indian Companies Act, 1956.
- The total share capital or 51 percent or more of share capital is held by the government.
- It enjoys the status of a legal entity and therefore it can use or be sued by others.
- The finance of a government company is obtained from the government and from private share holders.
- The employees are governed by the rules prescribed for the company by the board of directors.
- The directors are nominated by the government depending upon participation of private capital.
Government company, means any company in which not less than fifty one per cent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary of a Government company.
Some of the features of the Govt Co. are >
- It is formed under the provisions of the Indian Companies Act, 1956.
- The total share capital or 51 percent or more of share capital is held by the government.
- It enjoys the status of a legal entity and therefore it can use or be sued by others.
- The finance of a government company is obtained from the government and from private share holders.
- The employees are governed by the rules prescribed for the company by the board of directors.
- The directors are nominated by the government depending upon participation of private capital.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- UDIN ISSUE
- GST ISSUE OF INPUT AND OUTPUT GST
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Salary from Qatar in Dollars in India
- Change Of Karta In Case of Death
- 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
