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Holding company

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(Querist)
18 July 2012 Company A is a private Company, wants to purchase shares of Company B (Public Company), However after purchase of Shares Company A Holds Shares of Company B more than 51%. Hence now the Company A Becomes the Holding of Company B. please clarify what will be the Consequences if Company A Becomes Holding Company of B with reference of Section if possible.
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Ajay Mishra

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Ajay Mishra (Expert)
18 July 2012 Hi

Its not a default, then why u ask consequences. A private company can be holding company of public company and all provision of private company will apply to this private company but this private company will not be treated as public company.
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