Subsidiary Company

Corporate & Other Laws

X ltd and Y ltd are Subsidiaries of A ltd. Further X ltds and Y ltd have 30% of shares each in Z ltd. A ltd does not have any control or shares in Z ltd. Whether Z ltd will be subsidiary of A ltd?

Kishore Ch

CA Final

★ 3K+

29-Mar-23 07:10

418

Answers (3)

Yes. Indirectly it controls 60%

CA Suraj Lakhotia

Admin

29-Mar-23 07:42

CA Suraj Lakhotia Admin

Yes. Indirectly it controls 60%

Thankyou sir

Thread Starter

Kishore Ch

CA Final

★ 3K+

29-Mar-23 07:44

Yes

Sugam SM

CA Final

★ 9K+

29-Mar-23 15:31