Subsidiary co.
This query is : Resolved
02 April 2015
according to new companies act 2013 holsing co must hold more than half of TOTAL SHARE CAPITAL . so does it contain only eq sh cap or both eq and pref ah cap. i am confused because in many books of ipcc level only es.cap is considerd.
02 April 2015
The definition of a subsidiary under the 2013 is based on ownership of the total share
capital which includes preference share capital.
capital which includes preference share capital.
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