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
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Last year TDS Claim
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Long Term Service award taxability in hands of company
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
