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subsidiary company

21 February 2018

Whether subsidiary company have entitled appointed representatives as per section:113 representative such as got right as common members

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Shlok Avlani (25 Points)
Replied 03 March 2018

of course it can...however in case subsidiary company holds shares of holding company the representative appointed by it shall have a right to vote only in respect of shares held by the subsidiary company as a trustee or as a legal representative of a deceased membr...there is no limitation for the right to vote by such a representative in respect of shares owned by such subsidiary company of any other companies....