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Partially owned subsidiary of another co.

Parthesh (.) (72 Points)

30 August 2022

What does mean by Partially owned subsidiary of another company? with e.g.

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(Guest)

If Holding Company has 51-99% shareholding in a company, then it is its Partly owned subsidiary. If it has 100% in a company, then it is Wholly owned subsidiary.

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Parthesh (.) (72 Points)
Replied 30 August 2022

Thanks sir for the help. Sir is there any significant means subsidiary company in terms of another co. as usually we are listening subsidiary co. word but here saying that partially owned subsidiary of another co.

(Guest)

The word 'Partially owned subsidiary" not defined in Act. Only subsidiary and wholly owned are given. Generally there is no reason to specify such thing. If you have less than 100%, simply calling it a subsidiary of the holding company is sufficient.