Can there be same board of directors in holding and subsidiary company
22-Aug-2023 (In Corporate Law)
Can there be same board of directors in holding and subsidiary company and can a board of directors pf holding company be shareholders in its subsidiary?
yes there can be same board of directors according to the companies act 2013 and as per the provision of Companies Rules , 2014 and 2017 as well.
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As per company law there is no bar on one person being director in any number of companies. Subsidiary companies generally have some directors exclusively connected with that company. Board of directors of parent company holding shares in subsidiary company can in some instances become grounds against them on mismanagement, oppression, embezzlement due to the circumstance. Precise situation has to be intimated for an appraisal through referring to appropriate judgements. Revert. There have been some such cases.
yes it can be. there can be same directors for subsidiary company as well as the holding company.
In company, every company is a distinct legal entity and there can be same directors for subsidiary and holding company.
In company, every company is a distinct legal entity and there can be same directors for subsidiary and holding company.
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