holding & subsdiry Co
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 August 2010
what is Holding Co. & alsosubsdiary Co. if possible kindly give the example, what r the difference between them
14 August 2010
As per Sec 4 of the Companies Act:
A is said to be Holding of another if
1. it holds more than 50 % of nominal value of equity share capital of other Co.
Thus if A ltd holds 51% of equity share capital of B ltd than A lts is said to be Holding Co. of B.
2. it controls the composition of the Board of Directors of the other Company.
Or if without the approval of A ltd. none of directors in B ltd can be appointed than A is holding of B
A is said to be Holding of another if
1. it holds more than 50 % of nominal value of equity share capital of other Co.
Thus if A ltd holds 51% of equity share capital of B ltd than A lts is said to be Holding Co. of B.
2. it controls the composition of the Board of Directors of the other Company.
Or if without the approval of A ltd. none of directors in B ltd can be appointed than A is holding of B
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