comapny law
This query is : Resolved
harsh mittal
(Querist)
28 September 2010
AB pvt ltd is a subsidiary comapny of a foreign company and foreign company holds 75% shares of AB pvt ltd.
My queries are as follows:
1)Will AB pvt ltd be deemed as public co. for applicability of provisions? Will it be treated as pvt co. or public co.?
2) Any change if foreign company holds 90% shares
My queries are as follows:
1)Will AB pvt ltd be deemed as public co. for applicability of provisions? Will it be treated as pvt co. or public co.?
2) Any change if foreign company holds 90% shares
Mohit Garg
(Expert)
29 September 2010
First confirm the status of Foreign Co. in its own country.
concept of Deemed public co. does not exist.
And in more cases ROC treats subsi of foreign co. as pvt. co.
No changes if it holds 90%
concept of Deemed public co. does not exist.
And in more cases ROC treats subsi of foreign co. as pvt. co.
No changes if it holds 90%
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