Wholly owned subsidiary
This query is : Resolved
23 May 2015
How to make a wholly owned subsidiary under Companies Act 2013.
Which section governs it?
How to fulfill the condition of minimum shareholding of two members in subsidiary company?
26 May 2015
Wholly owed subsidiary means a company whose entire shareholding is held by a single entity/company.
Companies Act has not mentioned the definition of 'Wholly owned Subsidiary'.
In practical sense, whenever you want to incorporate a WOS, out of total shares, one share should be held by any other person as a nominee of the holding company. The beneficial ownership of this single share is with holding company.
Companies Act has not mentioned the definition of 'Wholly owned Subsidiary'.
In practical sense, whenever you want to incorporate a WOS, out of total shares, one share should be held by any other person as a nominee of the holding company. The beneficial ownership of this single share is with holding company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Loss of interest in PF transfer from EPFO to Trust
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Taxability of credit in canara bank ET & T section (NRO)
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
