Tag: subsidiary company
Section 2(87): Subsidiary company or subsidiary.
Subsidiary company or subsidiary. Unless the context requires otherwise, the term ‘subsidiary company’ or ‘subsidiary’ wherever appearing in the Companies Act, 2013 shall have the following meaning: “subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company – (i) controls…
Section 19: Subsidiary company not to hold shares in its holding company.
CHAPTER II INCORPORATION OF COMPANY AND MATTERS INCIDENTAL THERETO [Sections 3 to 22] Subsidiary company not to hold shares in its holding company. [Section 19 is brought to force with effect from September 12, 2013.] Corresponding provisions of the Companies Act, 1956: Section 42. Corresponding provisions of the English Companies Act, 2006: Part 8, Chapter…