Hipocam Ltd. has entered into a contract with Admenta Private Ltd. by which the former will reserve twenty-two percent of their output to be sold to Ultra Ltd. or to a buyer at the direction of Admenta Private Ltd. You a
CS Executive · Company Law and Practice · PYQS · June 2026
Hipocam Ltd. has entered into a contract with Admenta Private Ltd. by which the former will reserve twenty-two percent of their output to be sold to Ultra Ltd. or to a buyer at the direction of Admenta Private Ltd. You are the company secretary of Hipocam Ltd. There is a query from accounts department if Admenta Private Ltd. can be called an associate company of Hipocam Ltd. Discuss.
Answer & Explanation:
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Topics: Company Law and Practice
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