company law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2010
The definition of public company in The Company's Act,1956 is given as follows-
A public Company means a company which-
1.is not a private company,
2.has a minimum paid-up capital of Rs.5 lakhs,or such higher amount,
3.is a private company which is a subsidiary of a public company.
are all the above conditions necessary for a company to be called public company or any 1 of them can be fulfilled to be called a public company?
A public Company means a company which-
1.is not a private company,
2.has a minimum paid-up capital of Rs.5 lakhs,or such higher amount,
3.is a private company which is a subsidiary of a public company.
are all the above conditions necessary for a company to be called public company or any 1 of them can be fulfilled to be called a public company?
CS Vandana Kacholia
(Expert)
13 March 2010
Well all the three conditions should be fulfilled simultaneously to be called public company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Employee secondment
- Closer of business and itc of capital goods
- Rectification under processing even after 6 months cpc portal
- Import of Capital Machine
- Gift to nri relatives resides in usa
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
