Holding co & subsidiary
This query is : Resolved
24 December 2014
Whether shareholding of compulsory redemable preference shares by a company in another company shall be considered for determining holding/subsidiary status.
Whether shareholding of compulsory redemable preference shares by a company in another company shall be considered for determining holding/subsidiary status.
24 December 2014
Yes
The definition of a subsidiary under the companies act 2013 is based on ownership of the total share
capital which includes preference share capital.
The definition of a subsidiary under the companies act 2013 is based on ownership of the total share
capital which includes preference share capital.
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