Q. Holding Company [2019 - 4 marks]
Holding Company
Section 2(46) of the Companies Act 2013 defines holding company as, in relation to one or more other companies, means a company of which such companies are subsidiary companies.
In general terms, a holding company is a type of financial organization that owns a controlling interest in other companies, which are called subsidiaries. The holding companies generally do not perform any business of manufacturing or selling.
No comments:
Post a Comment