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INVESTMENTS BY SUBSIDIARY IN HOLDING SOMNAY

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(Querist)
11 December 2008
HI,

Can the subsidiary company invest in the shares of its holding company? is it possible?
In this case the holding company holds 90% of shareholdinds in Subsidiary company. Is the above transaction valid under the Companies Act, Please guide
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CS Vivek Hegde

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CS Vivek Hegde (Expert)
11 December 2008 Kavita

Definitely possible. It is in order. Its called CROSS HOLDING. Accounting and consolidation of accounts becomes little difficult. Otherwise its Okay

rgds

Vivek

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