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Answer Posted / reena kamat
A Company will be termed as a holding company if it:
1.controls the composition of the Board of Directors
2.holds more than half of the nominal value of shares in
the Company
3.the a company is the subsidiary of any company which is
the subsidiary of this company
of any other Company
Thus it controls the affairs of any other Company or is an
indirect holding company.
| Is This Answer Correct ? | 4 Yes | 0 No |
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