Holding subsiadiary query..

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2012 Dear Expert,

Suppose ABC pvt Ltd has 2 Members

1. Mr. P (25%)

2. XYZ Pvt Ltd (35%)

3. Mr. Q (40%)

Now XYZ Pvt Ltd has following members

1. Mr P (30%)

2. Mr. Q (20%)

3. Mr. Z (50%)

Now will the company ABC Pvt Ltd be treated as subsiadiary of XYZ Pvt Ltd??

Deepak Maharishi

Deepak Maharishi (Expert)
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16 January 2012 Hi,

First of all, in the first sentence you've mentioned 2 while the members of ABC are 3 : P, XYZ Pvt. Ltd. and Q.

Further, please note that ABC will not be called as subsiadiary of XYZ unless XYZ holds more than 50% shares.

regds
Deepak