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Joint venture

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2009 Hi,

My query is "Can a joint venture (btw 2 indian companies) directly/indirectlt hold shares of either or both parent companies ? "

Thanks in advance
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
23 November 2009 No, they are not allowed to do that.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 November 2009 Can you please let me know the relevant rules/regulations prohibiting that

Thanks a ton
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
23 November 2009 I dont know the notification details :) If anyone knows pls mention here :)
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
23 November 2009 I keep it open for now.

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