Procedure for investment by public co in private company
Querist : Anonymous
As the holding is increased upto 66% the private company has become the subsidiary company of the public company.
So what are the implications for public company being holding company.
And can anybody help me out with the procedure to be followed for public company.
When a company hold more than 50% of the share capital of other company, then such other company become subsidiary of the Company and you will follow the provisions of section 212 of the Companies Act, 1956.
Where the company required to be mentioned subsidiary details along with your company.
The private subsidiary will be treated as public company under some section of the Companies Act, 1956.
Querist : Anonymous
eg investment booksetc
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