Quick Summary
Subsidiary Company operates under the control of a holding company.
A company is a subsidiary if another company controls: 1) more than 50% of voting power, or 2) composition of its board. Wholly Owned Subsidiary means 100% shareholding by the holding company.
Key Points
- Controlled by holding company
- >50% voting power
- Board composition controlled
- WOS = 100% owned
- Separate legal entity