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need and significance of labour audit in corporate sector
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Answer Posted / sandeep goel
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My father Mr. Prakash was working with SBM, Bangalore and had taken 2 Insurance policies on LIC- Under Salary Savings Scheme, 2 Insurance Policies on LIC under Accident Benefit Policy, 1 Insurance Policy on Bajaj Allianz under Accident Benefit and scheme and has received benefit of about 6 lakhs from Bank as Insurance amount on his death. He had nominated my step mother (second wife of my father) as nominee for all the above mentioned, and now she is refusing to share the benefit among us (my father had married her after my mother deceased , we are 3 children). Please suggest whether we get our share… do we have any rights on Insurance benefits??
In the Companies Act, 1956 there is no ward as ‘Wholly Owned Subsidiary’ (WOS), WOS means a company of which entire equity share capital is held by other Company. For example A company holds entire equity shares of B Company in this case B Company is WOS of A Company. Question: Now the Question is X company has paid up equity share capital of Rs.50000 (5000 shares each of Rs.10).Out of which Y company holds 4990 shares in its own name and remaining 10 shares Y Company holds in its name in 10 different folios (one share in each folio) along with 10 different individuals in the style first name is of Y limited and second (joint name) of individuals like A,B , C…… to J.In such case will X limited be deemed to be a WOS of Y Company ? If yes then how? After this question one more question will come up related to this question
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