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varun__goel_

varun__goel_

TF Legend
kshitij_0 said:
cleartax.in

SBI CARDS AND PAYMENT SERVICES PRIVATE LIMITED.

SBI CARDS AND PAYMENT SERVICES PRIVATE LIMITED.'s Corporate Identification Number (CIN) is U65999DL1998PTC093849. You can contact them by sending an email to PayalM.Chhabra@sbicard.com or visit them at their registered...
cleartax.in cleartax.in

Ye kya hai fir
Click to expand...
As per Section 2(45) of the The Companies Act 2013, “Government company” means any company in which not less than fifty-one per cent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company.
 
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#aniket

#aniket

TF Ace
varun__goel_ said:
As per Section 2(45) of the The Companies Act 2013, “Government company” means any company in which not less than fifty-one per cent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company.
Click to expand...
Yaha batya tha already, bole the ki baaki ke pages padh ke aajo samjh aajyega purna rup se lekin nahi karna hai wo 🤣
Screenshot_20240228-001645.jpg
 
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kshitij_0

kshitij_0

TF Ace
VIP Lounge
varun__goel_ said:
As per Section 2(45) of the The Companies Act 2013, “Government company” means any company in which not less than fifty-one per cent of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company.
Click to expand...
#aniket said:
Are bhaiya jee wo bhi gov company hai since SBI card is subsidiary company of SBI; a government company.
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2013 se pahle bhi yahi rule tha regarding subsidiary company?
btw agar kal ko SBI apne shares bech de SBI Cards ke aur kisi aur bande ka 51% share ho gaya SBI Cards ka to fir ye company puri tarah se govt ke hath se nikal jayega.
Agar maan lo subsidiary ka subsidiary company ho to kya rule hoga?
Accha knowledge mila btw thanks.
 
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varun__goel_

varun__goel_

TF Legend
kshitij_0 said:
2013 se pahle bhi yahi rule tha regarding subsidiary company?
Click to expand...
Ab mne to 2013 act hi pda hai😂 to 1956 vaalo bta nhi skta
kshitij_0 said:
btw agar kal ko SBI apne shares bech de SBI Cards ke aur kisi aur bande ka 51% share ho gaya SBI Cards ka to fir ye company puri tarah se govt ke hath se nikal jayega.
Click to expand...
Yes vo phir dusri ki subsidiary hojaygi. But thoda control to rhega if they still hold shares(btw ye ques technically thoda glt hai😂 but aapki feeling smjhgye)


kshitij_0 said:
Agar maan lo subsidiary ka subsidiary company ho to kya rule hoga?
Click to expand...
Vo bhi subsidiary rhegi.
But only 2 levels tak hota hai.
 
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plastikman

plastikman

TF Ace
Contributor
VIP Lounge
@RAMESH BABU N Sir, can we have the final word on this from you, please.
panchabhut said:
Do you know the level of influence the Govt exerts in the day to day functioning of any Central PSU? Compared to that, SBI enjoys significant levels of autonomy. Govt appoints a total of 9 directors out of the 13, incl the Chairman and the Managing Director. But beyond that, except for the major policy decisions, eveything else is decided by the bank itself.
Even the pay structure of the the staff are decided by mutual negotiation between the staff and SBI management. In comparison, for all PSU, the DPE decides the pay structure and benefits and sends them to the PSUs to be followed.
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Tejo said:
Govt. Holds shares of SBI, doesn't mean govt. controlling SBI. Govt. can only direct what to do what not to do ... ours govt. Runs on constitution, not on dictatorship. If govt. holds it, there will be some hope for the people and bank too feel same.

Sbi and sbi cards are just branch of a tree.

Sbi is large entity, it's more important for sbi to separate credit card business as much risk involved in card businesses. Cards business failed they couldn't just clean by closing sbi cards but if it's a part in sbi then the losses of cards business will impact on sbi profits and losses.

Also making sbi cards has a separate entity help for the scope of investors and there will be no risk of investors being playing games like monopoly in Banking system.
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S S V said:
Who is the Bank here??
Bank is an entitiy which is run by the different people who are structured in a hierarchy.... and the highest in that order is BOD..
Okay just leave the discussion here...
Click to expand...
 
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SSV

SSV

TF Pioneer
Contributor
VIP Lounge
Last edited:
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#aniket

#aniket

TF Ace
kshitij_0 said:
2013 se pahle bhi yahi rule tha regarding subsidiary company?
Click to expand...
Haan!
kshitij_0 said:
btw agar kal ko SBI apne shares bech de SBI Cards ke aur kisi aur bande ka 51% share ho gaya SBI Cards ka to fir ye company puri tarah se govt ke hath se nikal jayega.
Click to expand...
Bachega hi nahi, kyu ki gov hi appoint karta hai na executive 😉 issi liye ye sab mat socho
kshitij_0 said:
Agar maan lo subsidiary ka subsidiary company ho to kya rule hoga?
Accha knowledge mila btw thanks.
Click to expand...
Kiss sense and kiske relation mein? If sense mein hai toh: Screenshot_20240228-011652.jpg
 
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SSV

SSV

TF Pioneer
Contributor
VIP Lounge
S S V said:
There was a lot of discussion in Hindi.. anyway, my few last words..

SBICards is a Pubic limited company .. not a private ltd..

Here is the latest share price as per NSE..

Here is the latest annual report from SBICARD..

Click to expand...
S S V said:
SBIACARDS shareholder pattern as per their latest disclosure.. as on 31/12/2023




1709062556027.png


1709062600406.png
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Final words:

SBI
Central/ State GOVTs own 56.92 % of SBI = Hence it is a Govt Company

SBICARDS ( Public Ltd Co)
SBI owns 68.64 % of SBICARDS = Hence it is also a Govt Company by virtue of being a subsidiary of a Govt Company(i.e. SBI). as per Section 2(45) of the The Companies Act 2013


Even though they are seperate entities conduct their daily business on their own , the top level management is controlled by Govt which gives high level directions..
The daily operations will be conducted by the respective organisations officials who ultimately reports to the BOD which is appointed by the GOVT...



Annexure:
As per latest filings as on 31/12/2023 govt owns 56.92 % of SBI..


1709064064267.png
 
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