Wholly owned subsidiary co.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2015
A Pvt. Ltd (ABC) company shares, holding 67% of a person & another 33% shares holding a another Pvt. Ltd co. (XYZ). A person is a director of XYZ also holding more than 90% of shares of XYZ.
In this case ABC is wholly owned subsidiary of XYZ. Is that right?
Please clarify.
Thanks in advance
In this case ABC is wholly owned subsidiary of XYZ. Is that right?
Please clarify.
Thanks in advance
24 March 2015
wholly owned subsidiary company means like abc ltd hold 100% shares of b ltd
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