SHARE CAPITAL
This query is : Resolved
19 November 2010
Dear Sir/Madam,
We are pvt.ltd. company registered in India incorporated in 2006. We are subsidiary company & have share capital of two foreign companies.
Can we remove the share of one company out of two which is only of Rs. 10/- & transfer this share to existing company & make that company 100% share holding company ?
Pls advise. pls advise the procedure also.
Thanks & regards
Vinod W.
We are pvt.ltd. company registered in India incorporated in 2006. We are subsidiary company & have share capital of two foreign companies.
Can we remove the share of one company out of two which is only of Rs. 10/- & transfer this share to existing company & make that company 100% share holding company ?
Pls advise. pls advise the procedure also.
Thanks & regards
Vinod W.
20 November 2010
Hi
The only way is transfer of shares from one foreign company to other foreign company for becoming 100% subsidiary.
Regards
The only way is transfer of shares from one foreign company to other foreign company for becoming 100% subsidiary.
Regards
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