how could it be WoS(100%) ?

dear all

 

normally when we read FDI or ODI relevant provisions we do come across the provisions relating to 100% owned WoS.

 

it impliedly means all the share capital is held by one person. but currently under CA1956 does not allow the capital to be held by only one single person.

 

does it mean that capital is held by  various group companies or associates who all falls within the same group or under the same management. if that is so, then the group holding company is required to maintain the register indicating the investments held on its own name?

 

or are there any other specific provisions applicable to that scenario?

 

please share your views

 

thank you

sonia

 

 

 

Replies (3)

Dear Sonia

In case as specified by you, one share is allotted to the director / or other nominated person of other member company and payment of such one share is also made by such member company so that entire capital of subsidiary is shown as investment of holding company.

Regards

Sudhir

 

In order to fulfil the requirement of at least two members in respect of a private limited company and atleast Seven members in respect of a Public Company incorporated in India and in compliance of the provisions of Section 49(3) of the Companies Act, 1956 the procedure is adopted as under:(assumed that a Private Company to be incorporated with a subscribed capital of Rs. 100,000)

a) 9,999 equity shares of Rs. 10 may be subscribed by the Holding Company directorly (ofcourse some authorised representative will sign the MOA and AOA table on behalf of the Holding Company as per executed Board Resolution of such Holding Company)

b) at least 1 equity share of Rs. 10 should be subscribed by one nominee (by Six different nominees in case of Public Limited Company) of the Holding Company. (Also, after incorporation, comply with the provisions of Section 187C of the Companies Act, 1956 by filing necessary e.Form 22B alongwith Form I and II)

Fully agree with Ashwini Kumar.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details