Joint venture


madhur arora (student)     25 May 2019

madhur arora
student 
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If two companies invested to form a joint venture company...

If one of the promoter companies holds 51% equity shares capital...

will that joint venture be considered as a subsidiary of that promoter company..?
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Vishesh Surana   25 May 2019

Vishesh Surana

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holding subsidiary relation will exists
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madhur arora (student)     25 May 2019

madhur arora
student 
 57 points

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but as per section 2(6), a joint venture company is considered as an associate Company irrespective of the percentage of shareholding...

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