Membership
Kanchan Genani (19 Points)
12 January 2020
a company can become a member of other company?
1 Replies
Chirag
(Professional)
(1979 Points)
Replied 13 January 2020
Yes, A company can be member of another company, and it's inherit powers to acquire or do investment in another company{Subject to section 186), Except contrary in articles, which can also be modified with shareholders resolution, Have you ever heard about subsidiary or 100% WOS, its possible only when company holds investment in its own name...( Except nominee shareholders who are getting min. 1 share to comply min. subscriber/member requirement)
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