Monday, 30 December 2013

holding & subsidiary relationship in the term of the section 2(87)

The Ministry is hereby clarified that the shares held by a company or power exercisable by it in another company in a Fiduciary Capacity shall not be counted for the purpose of determining the holding & subsidiary relationship in the term of the section 2(87) of the Company Act 2013. (General Circular No. 20 /2013).
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