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private co. & public co.

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(Querist)
26 March 2010 If a private Co. owns 51% in a Public Co., hw will it be treated?? will it be treated as a public co.??
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Jagruti (CS)

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Jagruti (CS) (Expert)
26 March 2010 Yes, any private company which is subsidiary of Public Company will have to comply with all the provisions applicable to Public Company
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
26 March 2010 The private company now beocme the holding company of the public company and at the time of consolidation of account, the private company and the private company have to adopt the principle applicable of public company...

It is just like a reverse merger concept
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
26 March 2010 agree with expert
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