Sec 2 (6) of the companies act, 2013 - associate company
Querist : Anonymous
Can any body please clarify the following
Sec 2 (6) of the Companies Act, 2013 - Associate Company
" in relation to another company, means a company in which that other company has a significant influence.
significant influence = control of at least 20% of total share capital.
Question: if the other company does not hold any shares in this Company but directors of other company are holding more than 20% of total share capital of this Company. Then, can these two companies are associate?
Regards
Rajesh Kumar Yadav
Company Secretary
Definition clearly says 'a company in which the OTHER COMPANY has significant influence.
Querist : Anonymous
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