Closely Held Company

Sundararajan (Querist) 29 June 2008 This query is : Resolved
Dear Sir,

What is Closely held Co.?

Is there any differece between associate Company and subsidiary Comaany

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Guest (Expert) 30 June 2008
Closely held company usually refers to company having s shareholder's base concicting mainly of family members and relatives.

Associate co means a company which shares are does business with another compnay so as to form an association, it will have its own setup and Directors.

Whereas subsidiary company means a company which floateed by an existing company, wherein the management will be same and with common directors.

SANJAY DIXIT (Expert) 16 July 2008
Mr Kotresh Has resolved the QUERY nicely.
One point I want to add---
Closely held company is a company who has a small group of controlling shareholders. In such type of Co. shares of common stock are owned by relatively few individuals and are generally unavailable to outsiders.

Sundararajan (Querist) 04 August 2008
THANK YOU SO MUCH ..........

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