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Subsidiary company- Board approval

This query is : Resolved 
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(Querist)
07 June 2021 We are having a subsidiary in US. The company wants to enter into an agreement with a company where the holding company Directors are the Directors.
Please clarify whether this agreement should be approved in the Holding company Board meeting.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
20 July 2021 Yes Holding Company should give their consent for the same before execution of agreement by subsidiary.
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