A Company has two directors having 5000 shares each, now the Directors transfer 4999 each from their holding to a Company and it wishes to make the Company a wholly owned subsidiary. What procedure is required for the same? Please reply
Menu
Wholly owned subsidiary
Replies (1)
Option-I:
Transfer remaining 2 shares also in the name of the holding company and take action u/s 187(1) of CA 2013 read with Rule 14 of Companies (Meetings of Board & its Powers) Rules 2014.
Option-II:
Transfer remaining 2 shares in joint names of the holding company as the first holder and someone else as the second holder.
Recent Topics :
- Source of funds in IT returns
- Work from home job
- TDS ON ANY PURCHASE OF ANY GOODS - 393(1)
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
Related Topics :
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
