ACA ACS CWA Final Mcom
557 Points
Joined September 2009
Yes, there can be more than one holding company for a subsidiary co.
In some cases One company may hold more then 50 percent of the capital,
and some other co may have the power to constitute the board,
In such cases both are holding by different methods as such.
if A.L.T.D is a subsidiary of B.L.T.D, and B.L.T.D is a subsidiary of C L.T.D,then A.L.T.D is the subsidiary of C.L.T.D.thus A.L.T.D is a subsidiary of B L.T.D as well as C L.T.D.
This is a case of Indirect Subsidiaries