Suppose a company(A) is having shares of a company(B) & later B becomes the holding of A then is it compulsory for A to surrender the shares?
3 Replies
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 29 May 2014
no, its never compulsory. there are many instances of cross holding cos.
Sanmitra Sanjeev Ratnaparkhi
(-)
(223 Points)
Replied 02 June 2014
Oh great is it so?
because it was asked in our IPCC exam & I wrote the same. Please confirm again Sir.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 02 June 2014
i am sure on my answer. when you will be a ca final student, you yourself will read this topic of cross holding. and all your queries will be clear.
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