Dear Members,
If 2 companies have common directors and shareholders , but no company have any investment in capital of each other then is there is any relation of holding and subsidiary between them????
surinder singh bhatia (CS) (123 Points)
23 May 2014Dear Members,
If 2 companies have common directors and shareholders , but no company have any investment in capital of each other then is there is any relation of holding and subsidiary between them????
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 24 May 2014
It depends...more than 50% of capital/voting rights holding is just one of the bases of establishing the holding -subsidiary relationship..
refer sec 2 (87) of the companies act 2013 for others.....
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