wholly owned subsidiary
This query is : Resolved
SONAM JAIN
(Querist)
09 August 2010
what is wholly owned subsidiary??
whether intially wholly owned subsidiary can be made??
whether intially wholly owned subsidiary can be made??
Sunil Kr. Sanganeria
(Expert)
09 August 2010
If 100% shares of a company is owned by another Company. First Company will be wholly owned subsidiary of another Company.
Yes, a wholly owned company can be formed.
Yes, a wholly owned company can be formed.
SONAM JAIN
(Querist)
09 August 2010
but if all the shares are subscribed by the holding company, then what about the requirement of 2 subscribers in private limited company
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