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A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. [1] A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to form a corporate group .
A subsidiary, subsidiary company, or daughter company [1] [2] [3] is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. [4] [5] Unlike regional branches or divisions, subsidiaries are considered to be distinct ...
Mahavitaran or Mahadiscom or MSEDCL (Maharashtra State Electricity Distribution Company Limited) (stylized as MΛHΛVITARAN) is a wholly-owned subsidiary of the Maharashtra State Electricity Board. It is the largest electricity distribution utility in India (2nd largest in the World after SGCC ).
A bank holding company is able to declare itself a financial holding company by meeting certain guidelines including having well-capitalized subsidiary banks and receiving satisfactory or higher ...
A corporate group is composed of companies. The general rule is that a company is a separate legal entity from its shareholders, that is the shareholder's liability for the subsidiary's debts is limited to the value of the shares, [4] and the shareholders cannot be required to perform the company's obligations.
The Industrial Development Bank of India (IDBI) was established in 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India.In 1976, the ownership of IDBI was transferred to the Union government and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in India.
Accordingly, GIC was incorporated on 22 November 1972 as a private company under Companies Act, 1956 [5] in Bombay and received its Certificate for Commencement of Business on 1 January 1973. GIC's stated role was to function as the holding company of the four companies, and superintend, control and carry on the business of General insurance on ...
Hindustan Unilever Limited (HUL) is an Indian fast-moving consumer goods company, headquartered in Mumbai. [3] It is a subsidiary of the Anglo-Dutch company Unilever. Its products include foods, beverages, cleaning agents, personal care products and other consumer staples. HUL was established in 1931 as Hindustan Vanaspati Manufacturing Co.