Suppose a Public Company holds 54% shares in a Private Company and majority of Directors in Public Company are also mojority of Director in Private Company. Then can we say there is subsisting holding subsidiary relationship?
1 Replies
Neha Chhapolia
(Chartered Accountant)
(36 Points)
Replied 14 October 2015
Yes...if a company holds more than 50% of shares of another company, it already cover under definition of holding subsidiary relationship..
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