Section 2(87) of the Companies Act, 2013 (Act) defines a subsidiary company as under:
Subsidiary company or subsidiary, in relation to any other company (that is to say the holding company), means a company in which the holding company-
i. controls the composition of the Board of Directors; or
The Reserve Bank of India had issued a Notification dated 1st of June 2017 “Introduction of Legal Entity Identifiers for OTC derivative markets” (RBI/2016-17/314 FMRD.FMID No.14/11.01.007/2016-17)” which requires creation of LEI (Legal Entity Identifier) number for participating into OTC Derivative market for all entities.
In the newsflash we would like to mention certain steps to prevent such attacks in your organization. The malicious software behind the major cyber attack is known as ‘WannaCry’.
Following are the synopsis of what you need to know about 'WannaCry', the malicious software behind the ongoing worldwide hacking attack