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Q & A
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X listed company having wholly owned subsidiary in Singapore named "Y".
"Y" incorporated another Wholly owned Company in Singapore "Z" . i.e which becomes step down subsidiary to X.
Now X wants to make step down subsidiary Z as Direct subsidiary? Is it permitted transaction Under Companies Act? and other Laws.
What is the procedure for this transaction.
Foreign Company
Posted By: Nava bharat ventures limited 9 year(s) ago
This question has been closed if you want to answer,you have to re-open.
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RAHUL
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