Wholly owned susidiary

A Company whose 100% shares are held by another company. For Eg Company A holds 100% shares of Company B then Company B is a wholly owned subsidiary of Company A.

in a wholly owned subsidiary company the holding company shall have 100% of the shareholding.

Wholly owned subsidiary  means 100 % holding i.e All the shares of Subsidiary is held by another co. called as holding Co.

yes i agree with above views.

but  in a co. there must be at least 2 member so how can a single co. hold all d shares?????

Dear Mr. M.K.shakya,

In the given case Holding Company shall hold One share through its nominee in order to meet the requirement of minimum number of members. Please go through the provisions of Section 49 and 187C of the Companies Act,1956.

Regards,

Sunil K Jain

Practising Company Secretary

9810104162, skj13 @ rediffmail.com

Thanx Mr. Sunil Kuamr Jain Ji.........:)