Poonawalla fincorps

corporate law

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19 December 2009 if two government companies are holging 70% share of another company, can the latter company be called as a subsidiary company
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CA.Balakrishnam.V

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CA.Balakrishnam.V (Expert)
19 December 2009 unless the two investor govt companies have holding or subsidiary relationship between them, the investing (later) company cannot be subsidiary company.
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Ankur Garg

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Ankur Garg (Expert)
21 December 2009 Very difficult to say with out the break up of above 70 percent. Can you share the break up of 70%.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
21 December 2009 must be break up of 70%.

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