banner_ad

Shareholding

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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?
Profile Image

Ajay Mishra

Profile Image

Ajay Mishra (Expert)
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.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 September 2013 Thank you expert
Profile Image

Ajay Mishra

Profile Image

Ajay Mishra (Expert)
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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details