Query regarding status change of private limited company

Save Share

This query is : Resolved

Guest

Guest (Querist)

05 January 2013 Hi,

Someone please reply to the following :

ABC Private Limited is a company registered under the Companies Act, 1956.

1. One Foreign Company was holding 50% as on 31.03.12 in the Indian company.

2. Same Foreign Company increased its holding to 99.50% on 30.06.12 in the Indian company.

Query

What is the status of Indian Private Limited company?

Ans : …………………..

What are the RoC compliances to be done, if the status of Indian Private Limited company is treated as a deemed Public Limited company?

Ans : …………………..

Is there any way to identity whether the Foreign Company is treated as Private Limited or Public Limited company?

Ans : …………………..

Kindly give your views, if any, in addition (for the purpose of my understanding on the subject matter), which may relate to the above queries.

Ans : …………………..

Thanks in advance.
(Kindly excuse, if the queries are not constructed properly or in the desired and appropriate manner)

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

16 January 2013 It is still the Indian Company duly registered in India. The only change is in the shareholding. All the formalities of Direct Investment in India by the foreign company should be followed. For remittance of dividend permission is to be procured from RBI. Income Tax and ROC to be submitted as required for Indian Company.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now