Company Secretary
596 Points
Joined December 2009
Hello!
As per my views whatever happened in a subsidiary co. happens with the consent of holding co. either by way of hold in management or by way of voting powers.
So if the subsidiary co want to issue capital then that further issue can be alloted to that holding co. which would nt effect the holding subsidiary relationship........and in case when holding co is nt ready to accept the new issued capital then the co doesnt have other way out there would be dimunition in holding co. %age holding.
Any others view..........
Regards
Nidhi
CAclubindia
