Defination of Subsidiary Company

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According to section 4 of companies act,

a company shall, subject to the provisions of subsection (3), be deemed to be a subsidiary of another if, but only if,-
where the first-mentioned company is any other company, holds more than half in nominal value of its equity share capital;

Now what should we consider as the equity share capital...?? Issued capital, Subscribed capital or paid up cap ?

Replies (2)

Hi


It will be considered as more than half of the paid up share capital of the company for taking account a company as subsidiary.


Regards

thanks ajay...n what u said..is it from the  Income Tax act...or some interpretation ??


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