Correct Answer
✅ Option A — BCPL shall surrender its 5% equity holding to NCL immediately once it becomes the subsidiary of NCL.
All Options:
- ABCPL shall surrender its 5% equity holding to NCL immediately once it becomes the subsidiary of NCL. ✓
- BBCPL shall transfer its 5% equity holding to any nominees of NCL before it becomes the subsidiary of NCL.
- CBCPL shall immediately transfer its 5% equity holding to any other legal person or entity before investment by NCL.
- DBCPL may continue to hold 5% equity holding in NCL.
Detailed Solution & Explanation
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