Private limited company which is subsidiary of public co
This query is : Resolved
27 May 2009
Dear Sir,
Definition of public limited company includes private limited company which is subsidiary of public limited co.
My question is wherever in the act public limited company is mentioned, so it should also apply to this type of private limited company also.
Suppose, it is said that section 372 A applies to public co. Does it also apply to a private limited company which is subsidiary of public limited co. also.
Please reply ASAP
Regards
Definition of public limited company includes private limited company which is subsidiary of public limited co.
My question is wherever in the act public limited company is mentioned, so it should also apply to this type of private limited company also.
Suppose, it is said that section 372 A applies to public co. Does it also apply to a private limited company which is subsidiary of public limited co. also.
Please reply ASAP
Regards
27 May 2009
Yes. Defination of public company itself provide that private limited company which is subsidiary of public limited co is a public company. Hence in act where ever public co is used aboe criteria is deemed to be included if not specifically stated. But u may find in some section it is mentioned seperately like sec. 269, 293..
27 May 2009
Agree with answer above.
Section-81 is also not applicable to pvt. co. as excluded by the act itself.
Section-81 is also not applicable to pvt. co. as excluded by the act itself.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- GST ON DAMAGED GOODS
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
