member and AS 21
This query is : Resolved
10 December 2008
As per companies act, there sholud be at least 2 and 7 members for private and public co respectively. But why some companies are called as 100% subsidiary, which practically does not happen.
13 December 2008
they hold almost all the shares & some shares are held by directors on behalf of co. which is provided in co. law , that is why they are called 100% subsidiary.
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