holding and subsidiary company

company  A  holds 49% shares of company B

                  Directors and their relatives of  B hold 25% in compnay B

                   Balance sahres hold by compnay C whose 100% shares held by directors and their relatives

                    My question is whether by the pattern of share holding company B shall be subsidiary company

Replies (6)

No Company B is not a subsidiary of any of the parties mentioned above.


Thanks

Agreed. B Co. is not subsidiary of any co.

company b is not subsidiary of any company.....

company B is not subsidiary of any company.....

b is not a subsidiary company.....

No Not at all, B is not subsy co.

 

Reason:

 

Non of following conditions satified:

1. Must be directly a subsy co ( More than 1/2 of voting power control)  or

2. Must be indireclty through another subsy  ( more.........). Note here condition is through subsy and not a human being-director or relatives etc.

 

 

 

CA. Rajesh Verma

S/o Sh. Bakshi Ram Verma

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