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Company law
Respected sir,
Incase of a wholly owned subsidiary , it is assumed that the parent company exercises a decisive influence and thus forms a single economic entity.
However , if the parent company has OVER 50% shares in the subsidiary , will it be assumed that the parent has a decisive control?
Replies (1)
What do you mean by decisive control here and under which law it has been stated so? As per Companies Act decisions are taken in shareholders' meetings either by ordinary resolution (approval of more than 50% shareholders) or by special resolution (approval of at least 75% shareholders).
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