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Deemed public companies

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 August 2015 A private company which is a subsidiary of public company is deemed public company. Now my question is that after becoming a subsidiary of public company, rules regarding minimum no. of directors, members, remuneration of KMP etc of which type of company will be applicable on such pvt. subsidiary companies, public company's rules or pvt. company's rules?
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Pratik Shah

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Pratik Shah (Expert)
15 August 2015 Yes..all the provisions of Public companies will be applicable to such Private Companies, unless otherwise specifically provided.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 August 2015 What actually happens when a company becomes subsidiary of another company & what are the modes to make a company subsidiary? Is it something like takeover?
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