True or false

Both Statement are true

Originally posted by : Suresh Pai S
	1)For forming a private limited company, atleast two shareholders are needed.a)Trueb)False.2)In the case of wholly owned subsidiaries, the whole shares of one company can be purchased by another company.a)trueb) false

Both statements are True, But in cae of second one the nominee of the Company will hold 1 share to qualify the condition of two shareholders as mentioned by you at point no. 1.

Both statements are true....But in second case, a nominee of the purchasing company will be required to hold atleast 1 share to satisfy the criteria of 2 shareholders....Beneficial interest declaration is to be given by the nominee and the purchasing company.