The question — whether "private company which is a subsidiary of public company" is third type of company was a debatable topic under the Companies Act, 1956. 186(1) is currently applicable to companies. Subsidiary Company Not To Hold Shares In Its Holding Company-Section 19 of the Companies Act, 2013 Section 186 of the Companies Act, 2013- Loans and Investment by Company Important Links Section 2(87) of the Companies Act, 2013 (2013 Act) defines the terms ‘subsidiary’ or a ‘subsidiary company’ in relation to any other company (that is to say the holding company).
Different provisions of the Companies (Amendment) Act, 2017 including any amendments, references in any provisions there in , shall come into force on such date or dates as the Central Government may, by notification in the Official Gazette appoints. A is a corporation set up under the Act of Parliament.It sets up a company B and get it registered registered under the Companies Act,2013.A holds more than 50 percent share capital of B and also controls its Board.canA be considered as holding corporation and B its subsidiary under the Companies Act,2013 and will the different provisions of Companies Act as applicable to holding …
Fellow subsidiaries means all the subsidiary companies under one holding company. As per the Companies Act, 1956, the above company is an Associate company not a subsidiary company .Now Present Companies Act 2013, we need to understand the implication of the same.

"Types of companies" under the company law is one of the very crucial issues. (1) A company is a “subsidiary” of another company, its “holding company”, if that other company— (a) holds a majority of the voting rights in it, or (b) is a member of it and has the right to appoint or remove a majority of its board of directors, or (c) is a member of it and controls alone, pursuant to an agreement with other members, a majority of the voting rights in it, Introduction 1.

As per the Companies Act, 1956, the above company is an Associate company not a subsidiary company .Now Present Companies Act 2013, we need to understand the implication of the same. Companies Act, 2013 to private company which is a subsidiary of public company. As per provision of Section 2 (87) of Companies Act, 2013.

Definition A company is said to be a fellow subsidiary of another company if both are Subsidiaries of the same holding company. Subsidiary – current requirements of the Companies Act, 2013. Fellow subsidiaries means all the subsidiary companies under one holding company. Hello Good Afternoon! Section 2(87) of the Companies Act, 2013 (Act) defines a subsidiary company as under: Subsidiary company or subsidiary, in relation to any other company (that is to say the holding company), means a company in which the holding company- i. controls the composition of the Board of Directors; or