please tell me if a comapny(A) purchase more than 50% shares of another comapny(B). Wether A co. can adopt any measure to restrict B co. not to Purcahse shares of A co. can it be possible that B co. purchase 50% or more shares of A co.
please tell me if a comapny(A) purchase more than 50% shares of another comapny(B). Wether A co. can adopt any measure to restrict B co. not to Purcahse shares of A co. can it be possible that B co. purchase 50% or more shares of A co.
Look, A co acquires management control (after it acquires +50% holding in B co.)... so it can restrict few transactions of Bco..
In ur query, i think yes ofcoarse it can restrict
Hi udit... confirmed from sources.
Once the parent becomes holding company of subsidiary co., COMPANIES ACT itself restricts the subsidiary co to purchase any share of holding co.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
