Arun Jaiswal (CS) (89 Points)
08 November 2011BOD of ABC Limited, a listed public company decided to incorporate a subsidiary company.
My question is whose name should be given as the subscribersin the MOA & AOA of the subsidiary company and who should be the directors of the subsidiary comapany
Shraddha Shukla
(Corporate law Consultant)
(346 Points)
Replied 08 November 2011
SUBSIDIARY company is private or public?
SkDash
(CS (Member) CWA (Final))
(909 Points)
Replied 08 November 2011
in case a company wants to form a wholly owned subsidiary, it can nominate any person to be the subscriber and/ or director of the subsidiary, but the ultimate ownership will be in the name of the holding company and such directors will be the nomiee directors
Arun Jaiswal
(CS)
(89 Points)
Replied 10 November 2011
| Originally posted by : Shraddha Shukla | ||
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thanx, what will be the situation in both cases where the subsidiary company is a private or public company
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