CHAPTER 13
HOLDING AND SUBSIDIARY COMPANIES
(1) A holding company may control its subsidiary company as follows:
- (a) By holding direct or indirect control over the formation of the board of directors;
- (b) By holding majority shares ….Read More….
(1) Any holding company shall enclose the following documents of its subsidiary company in its balance sheet:
- (a) One copy of the annual accounts of the subsidiary company for the immediately expired financial year and the report of its board of directors during ….Read More….
No subsidiary company; shall purchase these shares or debentures of the holding company or make an investment in the holding company in any other manner.
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