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Answer in one sentence: What is a Holding company?

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Question

Answer in one sentence:

What is a Holding company?

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Solution

A company which holds more than half of the total share capital of another company or has the power to appoint or remove the majority of its directors is called a Holding Company.

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Evolution of Business Organization
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Chapter 2: Joint Stock Company - EXERCISE [Page 30]

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Balbharati Secretarial Practice [English] Standard 11 Maharashtra State Board
Chapter 2 Joint Stock Company
EXERCISE | Q 1. G) 2) | Page 30

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