Private ltd. co can have shareholders who are also a private limited co. ?
This query is : Resolved
15 February 2014
During the course of audit. i noticed a company xyz p. ltd. was having 10 shareholders out of which 8 were private limited co. is it possible as per companies act ? i will be very thankful for your answer.
15 February 2014
yes very much it is allowed...isnt it a basic thing? if not, then how would concept of subsidiaries/associates would come into picture??
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