Business Studies, asked by samnaniinaya6086, 1 year ago

Definition of subsidiary company in companies act 2013

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Answered by sahilshaikh123
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Section 2(87) of the Companies Act,2013 (2013 Act) defines the terms 'subsidiary' or a 'subsidiary company' in relation to any other company(that is to say the holding company). Asubsidiary is a company in which the holding company: a) Controls the composition of the board of directors, or.
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