deemed public company

This query is : Resolved

Guest

Guest (Querist)

28 August 2008 [(7) A private company, being a subsidiary of a body corporate incorporated outside India, which, if incorporated in India, would be a public company within the meaning of this Act, shall be deemed for the purposes of this Act to be a subsidiary of a public company if the entire share capital in that private company is not held by that body corporate whether alone or together with one or more other bodies Pcorporate incorporated outside India.

Please provide the solution whether a private a company in which 100% of the share capital help by a body corporate incorporated outside india is deemed to be a public Company or can enjoy the status of Private Company?

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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28 August 2008 a private a company incorporated in India in which 100% of the share capital is held by a body corporate incorporated outside india, will continue to enjoy the status of Private Company?

Guest

Guest (Querist)

28 August 2008 Thanks a lot sir

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