Please give your opinion over the following issue:
An existing Company/Government body/State Government want to incorporate a Limited company by two of its representative and want to hold all the shares in its name only (in other words we can say that the new company to be formed shall be its 100% subsidiary). Kindly let me know whether the same is possible and if yes than kindly let me know how this is possible, as the Act says that for Private Limited Company there should be at least two members.
In the above issue we are facing practical problem as one of our client wants to float such company and in the subscriber page they have mentioned as : ABC on behalf of XYZ Pvt Ltd and other subscriber has mentioned as XYZ Ltd represented by DEF. So How we can resolve the issue in a legal way.
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