Holding - Subsidiary status

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2010 A Ltd. is a 100% holding co. of B Ltd. During the year, B Ltd. has allotted additional shares to A Ltd. jointly with other individual members. Now can A Ltd. be considered as 100% holding co. of B Ltd.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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28 June 2010 If the first holder of share is A ltd. then it will stil be considered as 100% holding and money must have been given by the company only.

It is called as share held by the company and its nominees.