Query on Public Ltd company
This query is : Resolved
CA Ysil Karunai
(Querist)
14 February 2011
Dear sir,
Please consider the following issue and clarify.
A Public Ltd Company which is a 100% subsidiary of Private Ltd Company!
Query:
1. How many members & Share holders should be in Public Ltd Company, Whether 7 or 2. If 7, then how can it became 100% Subsidiary of Private Ltd Company?
2. Similary how many Directors?
Please consider the following issue and clarify.
A Public Ltd Company which is a 100% subsidiary of Private Ltd Company!
Query:
1. How many members & Share holders should be in Public Ltd Company, Whether 7 or 2. If 7, then how can it became 100% Subsidiary of Private Ltd Company?
2. Similary how many Directors?
Sunil Kr. Sanganeria
(Expert)
14 February 2011
There must be seven sharehlders in a Public Limited Company and minimum no of irectors should be three.
to form a100% subsidiary company, you have to comply section 187c of the Act and file the necessary fornm to Registrar of Company.
to form a100% subsidiary company, you have to comply section 187c of the Act and file the necessary fornm to Registrar of Company.
CA Ysil Karunai
(Querist)
14 February 2011
Thanks a lot sir,
But i am still not clear. Please explain little briefly
But i am still not clear. Please explain little briefly
CA Ysil Karunai
(Querist)
14 February 2011
Thanks a lot sir,
But i am still not clear. Please explain little briefly
But i am still not clear. Please explain little briefly
Sunil Kr. Sanganeria
(Expert)
14 February 2011
You have to allott/transfer shares in the name of seven different person and the money for all the persons will be paid by the Company.These person will hold the shares on behalf of the Company and does not have beneficial interest in the shares.
For PROFORMA OF NECESSARY FORM TO BE FILED TO ROC please see "THE COMPANIES (DECLARATION) OF BENEFICIAL INTEREST IN SHARES) RULES, 1975."
For PROFORMA OF NECESSARY FORM TO BE FILED TO ROC please see "THE COMPANIES (DECLARATION) OF BENEFICIAL INTEREST IN SHARES) RULES, 1975."
udit sharma
(Expert)
14 February 2011
Agreed with the expert!
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Transfer of Physical Stock Between Two Proprietorship Concerns
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Oct 2025 Invoices
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
