Companies act,1956
This query is : Resolved
Rachna Mittal
(Querist)
13 December 2011
Is Section 198 of companies act, 1956 applicable to Closely held Company???
13 December 2011
Applicable only to Public Companies and Private Company which is a subsidiary of a Public Company.
Rachna Mittal
(Querist)
21 December 2011
thank u sir...for ur reply..
But my query is whether this section is also applicable on a public limited co. which is a closely held company????
But my query is whether this section is also applicable on a public limited co. which is a closely held company????
21 December 2011
Yes. Applicable on all Public Limited Companies.
Rachna Mittal
(Querist)
21 December 2011
Thank u Sir for ur valuable suggetion...
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