Company act

Querist : Anonymous (Querist) 24 September 2011 This query is : Resolved
section 4 defines subsidiary company, under which provisions of company act empowers a parent company to form a subsidiary company ?

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Sailesh Kumar Shah (Expert) 24 September 2011
There is no special provisions to form subsidiary company by parent company.

Sailesh Kumar Shah (Expert) 24 September 2011
Simply by subscribing 100% share capital of company by parent company, that company would become subsidiary company.

prabhakar singh (Expert) 24 September 2011
Expert Shailesh Kr. Shah has perfectly opined.

Raj Kumar Makkad (Expert) 24 September 2011
There is no specific setion for this purpose.

Advocate. Arunagiri (Expert) 24 September 2011
A parent company is called holding company when it is holding 51% or more of the subsidiary company.

R.Ramachandran (Expert) 25 September 2011
There is no separate provision in the Companies Act for this purpose. It is the Board Resolution that will enable the Company to set up a subsidiary company.

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