Vivek Kumar Tibrewal (Service) (41 Points)
05 September 2009Pl help:
Company "A Ltd." is holding 50% of paid up share capital of "B Pvt. Ltd". Mr. X is Common Director in Both the Compnaies and Holding 10 % shares in 'A Ltd.' and 1 % shares in 'B Pvt. Ltd. Is 'B Pvt. Ltd. is Subsidiary Co of "A Ltd."
Regards
Vivek Kr. Tibrewal
Kolkata
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 05 September 2009
In this case the Shareholding clause is not applicable. But We have to check the no. of directors in each company, as the directors relationship is also one of the important factor for considering the Holding and Subsidiary Company relation.
If you need further clarification than contact me.
CAclubindia
