A holding company wants to sell out 100% shares of its Wholly owned Subsidiary company which section gets attract as per Companies Act 1956
Menu
Selling 100% owned subsidiary
Replies (2)
Dear Sneha,
A subsidiary company is a separate legal entity. There are two options to sell 100% shares.
A. Merger or Amalgamation : Sections 390-394 of the Companies Act, 1956
B. Acquisitions: Section 395 of the Companies Act, 1956 if it is unlisted company
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, if it is a listed company.
can u please elaborate the procedure????????
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
