Multiple choice

Holding company means a company as defined in Section

  1. 42

  2. 2

  3. 5

  4. 10
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A holding company is a company that owns other companies' outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group.It is defined in the section 2 of Companies Act.

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