05 November 2007
Holding Company and Subsidiary Company are explained in AS 21 and Companies Act Sec. 212. Holding Company is holding company of the other if: (a) Holds more than half the nominal value of shares (b) Controls composition of majority of the directors of the other (c) Voting of 20%
e.g. If reliance can appoint in X Limited 7 out of 12 directors
06 November 2007
Mr.Ankur please read out sec 4 of the companies act, 1956. There are lot of details are there with example. And also deemed public company concept will arise.
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