Subsidiary company- Board approval
This query is : Resolved
BHUVANESH N
(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.
Please clarify whether this agreement should be approved in the Holding company Board meeting.
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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