Question
The paid-up share capital of XYZ (Private) Company Ltd. is Rs. 2 Million consisting of 200,000 equity shares of Rs. 10 each fully paid-up. ABC
The paid-up share capital of XYZ (Private) Company Ltd. is Rs. 2 Million consisting of 200,000 equity shares of Rs. 10 each fully paid-up. ABC (Private) Ltd. and its subsidiary DEF (Private) Ltd. are holding 60,000 and 50,000 shares respectively in XYZ (Private) Co. Ltd. Examine with reference to the provisions of the Companies Act 2017. Whether XYZ (Pvt.) Co. Ltd. is a subsidiary of ABC (Pvt.) Ltd. Would your answer be different if DEF (Private) Ltd. is holding 110,000 shares in XYZ (Pvt.) Co. Ltd. and no shares are held by ABC (Pvt.) Ltd. in XYZ (Pvt.) Co. Ltd. ?
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The Legal Environment Of Business Text And Cases
Authors: Frank B. Cross, Roger LeRoy Miller
9th Edition
1285428943, 9781305142947, 1305142942, 978-1285428949
