Can any1 tell me wat is d meaning of wholly owned subsidiary company?
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Wholly owned susidiary
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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.........:)
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