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Minimum no. of member

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 November 2011 say if one holding company have one 100% subsidiary company.
then how can the criteria of minimum no. of member criteria fulfilled.

say public company then how the minimum no. of members 7 criteria id fulfilled.
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Srirang Mahabhagwat

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Srirang Mahabhagwat (Expert)
11 November 2011 Incase of a Private Company normally a Main Holding Company appoints a nominee to subscribe for some shares (say one share) to comply with the basic requirement of two members. This is the way some Companies are formed.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
11 November 2011 yes,
and if some nominee appointed than normally we called 100% subsidiary
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