Shareholding

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2013 If a Director holds 86% of the shares in the Holding company (Public Company) and the same Director holds 2.6% shares in its Subsidiary company (Private Company), does the Director become the major shareholder of the subsidiary company? What are its implications on the subsidiary company?

Ajay Mishra

Ajay Mishra (Expert)
Follow

14 September 2013 Generally not.

The relation of holding and subsidiary is defined when both are company.

In case of Individual, the provision of holding and subsidiary is not applicable on the basis of holding more than 50% of shareholding.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

14 September 2013 Thank you expert

Ajay Mishra

Ajay Mishra (Expert)
Follow

14 September 2013 My Pleasure.........

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ATUL MAKWANA

seshachary

Rameshkumar Jain

suresh kotte

Mitesh

Subscribe Now

Shareholding

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Article Assistant

Manager- Finance and Compliance

GST CONSULTANCY

CA Final