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Defination of Subsidiary
Require Situation where clause 1 of 2(87) i.e control over composition of board will be applicable
Replies (3)
suppose one of a financial company give loan of large amount to your company with a condition that majority of the director of your company will be decided by the financing company
ya perfect Thank you so much
Suppose Two company have 100 % same director and promoter then this would get cover in Subsidiary defination ?
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