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sandhya (Querist)
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19 September 2014 if A ltd holds more than 50% shares in bltd & bltd also hold more than 50% shares in A ltd then which co is subsidiary & which is holding co

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 September 2014 it would be illegal structure. once a company is a subsidiary, it cannot hold shares in the holding company. So assuming A bought the shares first, then B cannot buy A's shares.

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