SEC-395 of the Act

 

                Hi

                 If the one Company (say company X) purchases 100% share in the other company ( say company Y) weather sec 395 of the Act is applies or not what is the legal consequences of the later company (Say company Y).

      

                 

Replies (1)
Y will be a 100% subsisiary of X. That's all. No question of 395 in this case

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