Holding & subsidiary company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 May 2013 S Ltd. is a subsidiary of H ltd, where H ltd. holds 51% shares in S ltd. State whether A Ltd is a subsidiary of S ltd. or H ltd in the following cases-
1. H ltd. holds 11% shares in A ltd and S ltd holds 41% shares in A ltd.

2. H ltd. holds 1 % and its nominee holds 11% shares in A ltd. And S ltd holds 41% and its nominee holds 1% shares in A ltd.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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21 June 2013 BOTH ARE HOLDING SUBSIDIARY COMPANIES IN FIRST CASE IT IS HOLDING OF BOTH THE COMPANIES AND IN THE SECOND CASE IT IS THE HOLDING OF ONE COMEPNAY