WOS

Hello Hinna,

WOS = A subsidiary whose holding company owns its entire i.e 100% share capital.

Holding & Subsidiary:

1) One company controls the composition of the board of directors of another company.

2) One company controls more than 50% of the voting powers of another company.

3) One company holds more than half in the nominal value of equity shares of another company

4) A subsidiary company's subsidiary is also subsidiary to the holding company.


Please refer to section 4 of Companies Act, 1956.



Regards,
Binish