sir as per sec 2 (87) as per companies act definition of subsidiary company there is no limit on layers while acquiring company incorporated outside india if A ltd purchased shares of some foreign company called X llc incorporated in usa and hat X llc have one subsidiary in india if the chain goes on holding company A ltd will having more than 2 or more companies as subsidiaries is it also an exemption can u explain me with some example for more clarity
ANSWERED Ravi answered April 4, 2019     Category:
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