Can you send me a note on shareholding transfer if the holding company is dissolved.?
Dissolution and transfer
(Guest)
2 Replies
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 05 November 2008
When the holding company is dissolved the assets would have been distributed to secured creditors, employees dues, unsecured creditors and shareholders in that order. If at any stage there is no money left, the next stage creditors will get nil. If there is no adequate money left, the distribution will be prorata.
kalpana
(Practising Company Secretary)
(35 Points)
Replied 05 November 2008
| " | If the transfer has been executed before the holding company has filed for dissolution the transferee shall be eligible to any proceeds subsequent to the dissolution whatever is available for distribution to the shareholders prorata, if any. But you have not mentioned which companys' shares are transferred - the holding or the subsidiary. | " |
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