Hello there,

my company is listed one and now wants to incorporate another new private limited company which will be the subsidiary of my company.
Now my query is private company which is subsidiary of public company have same status that of public company, then while incorporating a new company whether it is compulsory to have at least 3 directors and seven shareholders and paid up capital of at least 500000?

or the another company (subsidiary) can continue with its name pvt ltd and with 2 directors and 2 shareholders?

Please reply urgently.and if possible give me some reference so that i can also study this in detail.


Thanks and Regards,
Nikita

procedure to know din which i forgot.

Dear All

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Reply along with applicable section or provision.

Regards,
Ram

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Dear All,

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