what is subsidiary company
Not to be confused with subsidiarity. A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company.The subsidiary can be a company, corporation, or limited liability company.ccording to s.1159 of the Act a company is a subsidiary of another company, its holding company, if that other company: 1  holds a majority of the voting rights in it, or. 2  is a member of it and has the right to appoint or remove a majority of its board of directors, or.