Significant influence by share ownership, statute or agreement - Urgent
This query is : Resolved
04 May 2023
Dear Sir/Mam,
Can anyone give example for significant influence by statute or agreement.
Does Board of Directors appointed through resolution means significant influence by agreement
Please resolve the same as soon as possible
Can anyone give example for significant influence by statute or agreement.
Does Board of Directors appointed through resolution means significant influence by agreement
Please resolve the same as soon as possible
05 May 2023
Share ownership.
Company A owns a 20% voting common stock interest in Company B. Company B owns a 20% voting common stock interest in Company C. Therefore, Company A indirectly owns 4% of Company C. No contrary evidence exists to overcome the presumption that Company A has significant influence over Company B and that Company B has significant influence over Company C.
Agreement.
Bankers by loan agreement appoint a director in the board.
Statute.
Statutory requirement of government directors in case of company serving the public cause.
Company A owns a 20% voting common stock interest in Company B. Company B owns a 20% voting common stock interest in Company C. Therefore, Company A indirectly owns 4% of Company C. No contrary evidence exists to overcome the presumption that Company A has significant influence over Company B and that Company B has significant influence over Company C.
Agreement.
Bankers by loan agreement appoint a director in the board.
Statute.
Statutory requirement of government directors in case of company serving the public cause.
11 May 2023
Thank you sir for the explanation of statute and agreement !!
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