subsidiary
This query is : Resolved
16 September 2010
Respected sirs,
what are the aspects to be looked into for separating a subisidiary company from its holding company to give the former an independent status - both are government companies.
kindly give me a prompt reply....pls
what are the aspects to be looked into for separating a subisidiary company from its holding company to give the former an independent status - both are government companies.
kindly give me a prompt reply....pls
Jagruti (CS)
(Expert)
16 September 2010
As per Sec 4 criteria for beocming subcidiary are:
1. A company should control the composition of Board of Director of the other co. or
2.A Company should hold more than 50 % of equity share of the other company, or
3. a company should be subsidiary of other co. which is its subsidiary.
So confirm that none of the above criteria is fulfilled so that company can retain its independent status.
1. A company should control the composition of Board of Director of the other co. or
2.A Company should hold more than 50 % of equity share of the other company, or
3. a company should be subsidiary of other co. which is its subsidiary.
So confirm that none of the above criteria is fulfilled so that company can retain its independent status.
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