Associate Company -
How much is significant control ?
Subsidiary Company
How much ownership is required
1/2 of total share capital
or not less than 26% of share capital
or not less than 25% of share capital
Associate comapny -
Significant control is 20% or more.
Subsidiary company -
controls the composition of directors OR controls 1/2 of total share capital (total share capital = paid up equity share capital + convertible prefrence share)
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