wholly owned subsidiary

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SONAM JAIN

SONAM JAIN (Querist)
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09 August 2010 what is wholly owned subsidiary??
whether intially wholly owned subsidiary can be made??

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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09 August 2010 If 100% shares of a company is owned by another Company. First Company will be wholly owned subsidiary of another Company.

Yes, a wholly owned company can be formed.

SONAM JAIN

SONAM JAIN (Querist)
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09 August 2010 but if all the shares are subscribed by the holding company, then what about the requirement of 2 subscribers in private limited company

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