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Joint Stock Company — Secretarial Practice STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsSecretarial PracticeJoint Stock Company2 Marks
Question
Subsidiary company
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Answer

  • Such companies are controlled by holding companies.
  • Holding company purchases more than half of the total share capital of the Subsidiary company.
  • Holding Company has the power to appoint or remove all or a majority of its directors.
  • A subsidiary company is just the opposite of a Holding company.

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