Can a private limited company hold the public limited company as subsidiary company ? if yes means tell me the relevent sections if no means kindly tell me the reasons
thanks in advance
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 27 February 2014
Yes, refer Sec.2(46) and 2(87) of Companies Act 2013.
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