Shareholding in Company
This query is : Resolved
Rishabh Raj Chauhan
(Querist)
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
(Expert)
26 July 2017
yes such situation is possible.
CS Mitesh Mehta
(Expert)
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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