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187 Points
Joined April 2008
the paid up capital of xyz co is rs20 lakh consisting of 200000 equity shares of rs 10 fully paid .ABC ltd and its subsidary Def pvt ltd r holding 60000 & 50000 shares respectively in xyz co ltd
exAamine wid ref to prov of co act whether xyz is a subsidary
of Abc ltd ?
would ur ans changed if Def ltd holding 110000 shares in
xyz ltd and no shares are held by Abc ltd in xyz
CAclubindia
