Minimum no. of member
This query is : Resolved
Querist : Anonymous
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.
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.
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.
CA Ayush Agarwal
(Expert)
11 November 2011
yes,
and if some nominee appointed than normally we called 100% subsidiary
and if some nominee appointed than normally we called 100% subsidiary
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