In the Companies Act, 1956 there is no ward as ‘Wholly
Owned Subsidiary’ (WOS), WOS means a company of which
entire equity share capital is held by other Company.
For example A company holds entire equity shares of B
Company in this case B Company is WOS of A Company.
Question:
Now the Question is X company has paid up equity share
capital of Rs.50000 (5000 shares each of Rs.10).Out of
which Y company holds 4990 shares in its own name and
remaining 10 shares Y Company holds in its name in 10
different folios (one share in each folio) along with 10
different individuals in the style first name is of Y
limited and second (joint name) of individuals like
A,B , C…… to J.In such case will X limited be deemed to be
a WOS of Y Company ? If yes then how?
After this question one more question will come up related
to this question
No Answer is Posted For this Question
Be the First to Post Answer
Whether the word LTD should be suffixed to the name of a Private Bank? Please quote the Section and the relevant ACT.
SERVICE TAX IS DIRECT TAX OR INDIRECT TAX ?
What is the first settlement authorty in ID act
Please give an example solutions of Professional Tax Calculations?
what is proffesion . i want to open a school under cheritable society it is a proffesion
Is it fair to impose a height restriction on those wanting to become fire fighters?
What is a judge trial referee?
What effect on the whole of society does someone crashing into a lamppost have? Does a girl scout have a political agenda?
Define 'at fault'.
I paid some amount wronly into tds 94C a/c instead of 94J, how transfer of paymet of 94c to 94J.
"Where there is a right, there is remedy" Explain this reference to breach of contract.
i am married to usa green card holder and now i want to go to usa on the student visa, will i have to face any problem if i get the visa and then i go to usa at the time of filing me on the immigrant visa status.