Wholly owned subsidiary
This query is : Resolved
23 May 2015
How to make a wholly owned subsidiary under Companies Act 2013.
Which section governs it?
How to fulfill the condition of minimum shareholding of two members in subsidiary company?
26 May 2015
Wholly owed subsidiary means a company whose entire shareholding is held by a single entity/company.
Companies Act has not mentioned the definition of 'Wholly owned Subsidiary'.
In practical sense, whenever you want to incorporate a WOS, out of total shares, one share should be held by any other person as a nominee of the holding company. The beneficial ownership of this single share is with holding company.
Companies Act has not mentioned the definition of 'Wholly owned Subsidiary'.
In practical sense, whenever you want to incorporate a WOS, out of total shares, one share should be held by any other person as a nominee of the holding company. The beneficial ownership of this single share is with holding company.
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