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procedure to acquire subsidiary company

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(Querist)
04 March 2010 Hello Experts,

Can u pls provide ma the Procedure to acquire/ to make one co as a subsidiary co?

I am working with one BSE Listed co. and my co. is planning to acquire one pvt. ltd. by makig it as subsidiary.

whats the procedure and any other implications if any r there
pls let me know

Thank u in advance
jalpa
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Rasesh

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Rasesh (Expert)
04 March 2010 The Private Limited Company can be made a subsidiary by acquiring more than 50% of the shareholding or more than 50% of the composition of the Board.

Once the company becomes your subsidiary, please do check the provions of the listing agreement like Cl 41, 49 that would be attracted to a certain extent.
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jalpa Gaurang bhatt

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jalpa Gaurang bhatt (Querist)
05 March 2010 Thnak you sir,

jalpa
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