investment
This query is : Resolved
koteswara rao
(Querist)
05 February 2011
for suppose y company is subsidiary of x company (more than 51% holded by x) now y is investing in the company z which is not at all having any relation with x or y. after investment y is allotted shares in z and later x got amalgamated in to z now can y hold shares in z. if no then what is the remedy available
05 February 2011
Y will get new share in amalgamating company, and Y can hold share in new born company.
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