Section 4
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2010
Hi
IF A Pvt Ltd CO company holds 50% shares in B Pvt Ltd Co and 3/4 directors of A CO are directors of B Co, whether B will become subsidiary of A Co.??
IF A Pvt Ltd CO company holds 50% shares in B Pvt Ltd Co and 3/4 directors of A CO are directors of B Co, whether B will become subsidiary of A Co.??
Ajay Mishra
(Expert)
28 October 2010
Hi
No, B Pvt. Ltd is not a subsidiary of A Pvt Ltd.because
1. A Pvt Ltd does not hold more than 50% of the share capital, it only hold 50% of the paid up capital.
2. If the 3/4 director not complying the provision of sub- section (2) of section 4 of the Companies Act.
Other views are also solicited.
Regards
No, B Pvt. Ltd is not a subsidiary of A Pvt Ltd.because
1. A Pvt Ltd does not hold more than 50% of the share capital, it only hold 50% of the paid up capital.
2. If the 3/4 director not complying the provision of sub- section (2) of section 4 of the Companies Act.
Other views are also solicited.
Regards
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