Holding & subsidiary company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 May 2013
S Ltd. is a subsidiary of H ltd, where H ltd. holds 51% shares in S ltd. State whether A Ltd is a subsidiary of S ltd. or H ltd in the following cases-
1. H ltd. holds 11% shares in A ltd and S ltd holds 41% shares in A ltd.
2. H ltd. holds 1 % and its nominee holds 11% shares in A ltd. And S ltd holds 41% and its nominee holds 1% shares in A ltd.
1. H ltd. holds 11% shares in A ltd and S ltd holds 41% shares in A ltd.
2. H ltd. holds 1 % and its nominee holds 11% shares in A ltd. And S ltd holds 41% and its nominee holds 1% shares in A ltd.
21 June 2013
BOTH ARE HOLDING SUBSIDIARY COMPANIES IN FIRST CASE IT IS HOLDING OF BOTH THE COMPANIES AND IN THE SECOND CASE IT IS THE HOLDING OF ONE COMEPNAY
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