Query for status of company
Querist : Anonymous
I have query regarding one issue.
My company is foreign subsidiary private company located in India as private limited. & It's Parent company is public holding company located outside India.
Whether my company is public company or continue as private company as per companies act 2013?
Querist : Anonymous
In fact, the definition of 'Company' does not include any entity incorporated outside India.
Every such entity incorporated outside India is included in the definition of 'Body Corporate' as per Companies Act 2013. And if you see, the definition of 'private company' and 'public company' does not have word 'Body corporate'.
So, don't worry. I am sure, in your case, it can not be considered as 'Public Company'. Still, if you are confused, you can ask any other person.
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