Forums
Back
The company act,2013
Corporate & Other Laws
The paid-up shere capital of AVS private limited is Rs. 1 crore consisting of 8 lacs equity sheres of RS.10 each fully-paidup and 2 lacs cumulative preference shares of 10 each fully-paidup. XYZ private limited and BCL private limited are holding 3 lacs equity sheres and 150000 equity sheres respectively in AVS private limited. XYZ private limited and BCL private limited are the subsidiary of TRS private limited. With reference to the provisions of the company act,2013 examine whether AVS private limited is a subsidiary of TRS private limited?
Answers (2)
Best Answer
Subsidiary company 1.controls the composition of the board of directors or 2.exercises or controls more than one-half of the total voting power either at its own or together with one or more of its subsidiary companies Here xyz and bcl holding half of the voting power of AVS PVT LTD SO AVS PVT LTD IS, SUBSIDIARY OF TRS PVT LTD
Your Reply