Deemed public company
This query is : Resolved
16 April 2016
A private Company which is subsidiary of public company will be deemed to be public company. thereby will i have to appoint 7 members & 3 directors or continue with 2 directors & 2 shareholders in which one of them will be public company holding?
Kindly advise
Kindly advise
16 April 2016
No need to increase to 7 and 3 because a private company which becomes a deemed public company would continue to retain the basic characteristics of a private company.
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