Mayuri Lal (officer CS) (748 Points)
12 February 2011Dear Members,
There is a listed Company and there is a Private Company. Now How can this Private company can be made the subsidiary of the listed Company.
Can anyone provide me with checklsit for the above as to what all areas will be monitered
Regards,
Mayuri Lal
cs ashwini kumar
(Company Secretary in Practice)
(173 Points)
Replied 12 February 2011
Hi,
The way may be by acquiring more than 50% share capital of such private limited Company subject to compliance of provisions of Section 372A and listing agreement in this regard.
Best regards.
CS Ashwini Kumar
Cool NJ
(cs)
(31 Points)
Replied 12 February 2011
Refer Section 4(1) of Companies Act, 1956 where relation of holding and subsidiary is given along with eg.
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