Question

‘X’ Company controls more than 50% of the nominal value of ‘Y’ Company’s
equity share capital. Hence ‘X’ Company is termed as holding company. State
the other circumstances when a company can become a holding company

Answer 1

Answer:

1956 or under any other earlier Companies Acts. ... shares (called share capital) and debentures (debt .... or such higher paid-up capital, as may be prescribed and (c) is a company