Associate Company -
How much is significant control ?
Subsidiary Company
How much ownership is required
1/2 of total share capital
or not less than 26% of share capital
or not less than 25% of share capital
Significant Control means:
a. Contrl of 20% or more of Total Voting Power; or
b. Participation in business decisios under an arrangement.
Please find extracts from by Book - 'Corporate & Other Laws - For C.A Inter'
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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