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companies act

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(Querist)
21 May 2009 SEC-617 GOVERNMENT COMPANY means not less than 51% of paidup share capital "held" by the the folloowings
1.central govt
2.state govt
3.central govt and state govt or corporatons owned by C.G,S.G.

SEC-4 HOLDING COMPANY means
A COMPANY "HOLD" MORETHAN HALFOF PAIDUP SHARE CAPITAL IN ANOTHER COMPANY.

QUESTION:

IN ABOVE ABSERVATINS WHAT IS THE DIFFERENCE BETWEEN "HELD","HOLD".
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 May 2009 Section 617 says 'paid up share capital'.
Section 4 says 'nominal value of share capital'.
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Ankur Garg

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Ankur Garg (Expert)
22 May 2009 As far as Section-617 & Section-4 is concerned there is no difference between "HELD" and "HOLD".

Regards
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Querist)
09 December 2010 THANK YOU SIR

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