"He is Fellow Member of The Institute of Company Secretary of India (ICSI), Bachelor of Law and Commerce. He is founder of M/s Sazid & Associates. Prior to venturing into Practice, he gained valuable experience working with renowned organizations such as Jaypee Group, Matrix Cellular, and Federal-Mogul Goetze (India) Limited. "
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Rule: Companies (Prospectus and allotment of securities) Third Amendment Rules, 2018. “Rule 9A Issue of Security in Dematerialised form by Unlisted Public Company:- Every Unlisted Public Company shall issue the security only in dematerialised form and facilitate demateriation of all its existing securities in accordance with provisions of the Depositories Act, 1996 and regulations made there under.
Generally Subsidiary Company takes a loan from it’s Holding Company (vice versa) with the condition to convert loan into Equity. So there should be some prior agreement between them.
