Darshan asked 5 years ago
Is a Foreign Company in which an Indian Company holds more than 20 percent but less than 50 percent a associate company as per section 2 (6) (as the word body corporate is not present in that definition)
Thank You!
1 Answers
Ravi Staff answered 5 years ago
foreign company can get status of holding subsidiary as its definition has body corporate, but they cannot get status of public or private as their definition is not having body corporate, its clarified by MCA
same thing can be applied to associate
can you share in which question you got this point or it was just a thoughtful doubt