Public company
This query is : Resolved
07 January 2012
Dear Sir,
In case A company's more than 25% Share held by Pvt Ltd company. Can we consider it as Public Limited Company as per section 43A of Companies Act,
Please give me replay as we are going to file Form No-2 with the MCA.
Thanks & Regards
In case A company's more than 25% Share held by Pvt Ltd company. Can we consider it as Public Limited Company as per section 43A of Companies Act,
Please give me replay as we are going to file Form No-2 with the MCA.
Thanks & Regards
CS Mitesh Mehta
(Expert)
09 January 2012
The concept of 'deemed public company' which was introduced by the Companies (Amendment) Act, 1960 with the insertion of section 43A has been done away with by the Companies (Amendment)Act, 2000. Accordingly, the provisions of section 43A (except sub-section 2A) will not be applicable w.e.f. 13/12/2000
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