hi. i am doing an audit of one of the companies where i came across another company with whom they are dealing and that company is recognised as Deemed Public Company.
Can anybody clarify the clear meaning of Deemed public Compnay.
Priti (Manager) (27 Points)
02 July 2009hi. i am doing an audit of one of the companies where i came across another company with whom they are dealing and that company is recognised as Deemed Public Company.
Can anybody clarify the clear meaning of Deemed public Compnay.
RAMANJU
(here to updating the knowledge)
(485 Points)
Replied 02 July 2009
Kunal
(Service)
(65 Points)
Replied 27 August 2010
Hi. Can anybody plz state the implications of a pvt co being a public co?
Should it raise its capital, shareholders & Directors as per a public co?
any return has to be sent to ROC?
Manisha Deshmukh
(Article Clerk/Assistant)
(32 Points)
Replied 04 September 2010
Certain private companies are deemed to be public companies by virtue of section 43 A, viz.-
1. when 25% or more of its paid-up share capital is held by one or more body corporate;
2. when its average annual turnover (during the last 3 years) exceeds Rs. 25 crores;
3. when it holds 25% or more of the paid-up share capital of Public Company; or
4. when it accepts or renews deposits from the public after making an invitation by an advertisement.
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
