Issue of shares by wholly owned subsidiary
This query is : Resolved
archana shah
(Querist)
29 August 2011
what are the exemption available to wholly owned subsidiary and holding company except u/s 372A of the Act.
what are the procedures required to follow to convert wholly owned subsidiary co. to subsidiary means to issue shares to person other than its 100% holding co.
what are the procedures required to follow to convert wholly owned subsidiary co. to subsidiary means to issue shares to person other than its 100% holding co.
29 August 2011
100% holding Company can not change its share patter unless it apply to ROC for application of Issue new shares to person other than existing shareholders.
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