Defination of Subsidiary
Kunal Shah (43 Points)
22 December 2017
Require Situation where clause 1 of 2(87) i.e control over composition of board will be applicable
3 Replies
sudip sharma
(article)
(734 Points)
Replied 23 December 2017
suppose one of a financial company give loan of large amount to your company with a condition that majority of the director of your company will be decided by the financing company
Kunal Shah
(43 Points)
Replied 23 December 2017
Suppose Two company have 100 % same director and promoter then this would get cover in Subsidiary defination ?
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