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sir if a bank declares NPA on one property and auctioned in
bank auction even though the said subject is there in DRT
and the Loanee got adverse order and filed the same with
ADRT and got permitted to pay the amount and paid the amount
to the Bank. sir now the question is will the loanee has to
pay the interest to the bank during the NPA declared date to
to the date of repayment of the Loan amount.
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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
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