Poonawalla fincorps
Poonawalla fincorps

Joint Venture set up between a company and its subsidary

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(Querist)
15 March 2011 Can a Govt.Company form a joint venture company with it's subsidary and in the said JV co. the Company will be having share holding of more than 51%
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
16 March 2011 Yes the same is allowed and nowhere prohibited as on today.

Anuj

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