Can the company held the shares of the subsidiary company or of any other company under its name or it will held the shares in the name of the directors but the beneficial owner is the com?
Menu
Shares of the Subsidiary Company
Replies (3)
The company can hold the shares of the subsidiary in its own name. However, if the subsidiary is a wholly owned subsidiary, then you will be required to have atleast one share transferred in the name of some authorised person so that the subsidiary satisfies the requirement for minimum number of members. (two for private and seven for public compan).
The benefitial interest of these shares should be held by the holding company and not the authorised persons, so that the subsidiary company qualifiies as a wholly owned subsidiary.
I support Rashesh's views
Company being a legal person can hold the shares in its own name.
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
