Shareholding in Company

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Rishabh Raj Chauhan (Querist)
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26 July 2017 Dear All, Is it possible that the shareholding of Company X (which is a private limited company) is held by Company Y and Mr. A (who is a Director in Company Y). Example - Company X has 10,00,000 shares. Company Y holds 9,99,999 shares and Mr. A holds 1 share only. Is such a situation possoble? If anyone is aware about any applicable provisions, please reply. A prompt reply shall be appreciated.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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26 July 2017 yes such situation is possible.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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26 July 2017 It is done to satisfy the requirement of minimum number of members (i.e.) 2 (Two) in case of a private limited company and 7 (Seven) in case of an unlisted public limited company & To incorporate or to have a wholly owned subsidiary.

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