Pl help:
Company "A Ltd." is holding 50% of paid up share capital of "B Pvt. Ltd". Mr. X is Common Director in Both the Compnaies and Holding 10 % shares in 'A Ltd.' and 1 % shares in 'B Pvt. Ltd. Is 'B Pvt. Ltd. is Subsidiary Co of "A Ltd."
Regards
Vivek Kr. Tibrewal
Kolkata
In this case the Shareholding clause is not applicable. But We have to check the no. of directors in each company, as the directors relationship is also one of the important factor for considering the Holding and Subsidiary Company relation.
If you need further clarification than contact me.
Sanath Sheshagiri & Co.
Bengaluru
CA Inter
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PARV & Co.
New Delhi
CA Inter
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CCI
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