Status of Holding Company

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This query is : Resolved

DEEPAK KOHLI (Querist)

14 November 2008 There is 3 directors in the B Ltd and 2 of them are also director in the A Pvt. Ltd.Can only from the point of mejority of Directors B ltd is Subsidery of A pvt. Ltd.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)

14 November 2008 They should be in a position to control the composition of the Board of A Pvt Ltd.,

Ravikumar.G

Ravikumar.G (Expert)

17 November 2008 HOLDING COMPANY is a company which owns or controls other companies. (Control can
occur through the ownership of 50 per cent or more of the voting rights or through the exercise of a dominant influence.).

DEEPAK KOHLI

DEEPAK KOHLI (Querist)

17 November 2008 Dear Sir, one of Director in L. Ltd company give resign and at that movement in the Board only 3 Directors, 2 of them are also director in our main Company(LPT). So in that case also 2 director hold the composition of Board and make the L. Ltd. as subsidery of the LPT. Few Director's of the main Company (LPT) is also Director of the all the Comapny. so they can hold the composition of Board. so our all the small company are our subsidery company. Regards, Deepak Kohli

Guest

Guest (Expert)

09 October 2009 Yes,

It is the Holding company.

Read Section 4 of the company act related to composition of board

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