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Holding subsidiary

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(Querist)
22 July 2015 if paid up capital of a subsidiary of public company is 2lakh then the subsidiary will be a public company or not
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Pratik Shah

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Pratik Shah (Expert)
23 July 2015 irrespective of paid up capital...a private company which is a subsidiary of Public company shall always be deemed public company for the purpose of the Companies Act 2013.
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Ankur Garg

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Ankur Garg (Expert)
23 July 2015 Agree with the opinion of learned expert.

You can verify the same from the definition of Public company. Kindly refer section 2(71) of companies act, 2013.

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