Whether a company even if having 50% holding in subsidiary can fully control its subsidiary thru AOA

DEEPAK SAXENA (Head Commercial) (27 Points)

17 July 2022  

Actually I have a technical query. A company GSPL (subsidiary of GSPC) says that they are not Govt company as GSPC ( Gujarat Govt 97% share company) has only 48% share in GSPL. GSPL AOA says that unless & until the share of GSPC goes below 26%, full control of company will be with GSPC/Govt. SO thru AOA Govt has full control. Your views please