Hello Everyone!
Whether a subsidiary could be classified as a wholly -owned subsidiary of its holding company if the shares with voting rights in which are held partly by the holding company and the remaining by another subsdiary of it?
Hi to all members,
A holding company can invest in the shares of a Subsidiary Company
But, can a subsidiary company hold shares in its holding company?
Dear Members,
Whether the subsidiary of a foreign company be termed as public company or private company as per the Companies Act, 2013?
One Director holding 0.01% shares on behalf of the holding company in a subsidiary company in india. for the purpose of minimum number of shareholders for MOA.
Now the holding company wants to change the name of representative of such 0.01 shares to another person
Please confirm how to change ?
Forwarded:
Please confirm if any US holding company can transfer fund (Idle Fund) to its Indian subsidiary company for Investment in India through Bank FDR etc.
If Yes, then what is the procedure?
If no, then what legal alternatives we can use to transfer such idle fund in India to earn some Income.
Pleases hare the Applicability for BEN-2 Filing
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Can an Independent Director of a Company be appointed
as Independent Director of its holding, subsidiary or
associate company?
Can a foreign subsidiary incorporated in India receive its subscription money in installments?
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Can a wholly owned subsidiary Company of a listed company can enter into Joint venture with any other individual or a company only on basis of Board approval or it need shareholders approval also.
Please revert at the earliest.
Hi,
If two companies have common directors and common shareholders, can be a holding and subsidiary company.
Dear Members,
There is a company whose status is - wholly owned foreign subsidiary Pvt Ltd company, It wants to issue further share capital to residents of India. post issue the share holding for Indians 90% and foreign company will be 10%.
1. Are there any restrictions to issue share capital being in the status of wholly owned foreign subsidiaries.
2. What will be the status of the company after the issue?? Any forms to be filed for the same??
Dear All,
As defined in Section 2(85) of the Companies Act, 2013, the criteria of Small Company is not applicable to the company which is a subsidiary of another company.
In Our case Company B (small Company) is a 100% subsidiary of Company A and hence we have to file Form MGT-7 for Company B. But The Form MGT-7 shows prefill error message as "Company is small Company, please file MGT-7A"
We Can not file Form MGT-7A for Company B, because it will not allow us to fill up Holding Company details in Form MGT-7A.
We also raised ticket about this Error on MCA, on which we received the following reply
"As per our database , your company is a small company .Hence please file MGT-7A."
Please help to solve this problem.