Can any1 tell me wat is d meaning of wholly owned subsidiary company?
Menu
Wholly owned susidiary
Replies (7)
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.........:)
Recent Topic
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
Related Topics
CAclubindia
