Roc compliances

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This query is : Resolved

Guest

Guest (Querist)

15 February 2013 Hi,

Someone may please reply :

ABC Private Limited became a Subsidiary of Foreign Company.

Subsidiary company is just holding 1% and remaining by Foreign Company.

Query 1

Whether the Subsidiary company shall remain as a Private Limited or change to Public Limited.

Ans : ....................

Query 2

If the Subsidiary company status shall change as Public Limited, then please let me know the
procedure or RoC compliances to be initiated and forms to be filed with RoC, if any.

Ans : ....................

I shall wait for the replies.

Thanks.

Ajay Mishra

Ajay Mishra (Expert)

16 February 2013 Hi

As per your Query No 1.....

The Private company will remain private company because its MOA & AOA will be same ans no changes in its charter will be made. But due to holding majority shares of its company by another company then it will be treated as public company for some section under the Companies Act, 1956.

Ajay Mishra

Ajay Mishra (Expert)

16 February 2013
The following link, will help you for change of name:

https://www.caclubindia.com/share_files/procedure-for-change-of-name-status--46457.asp#.UR8V6B2VOJw

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

16 February 2013 i) Status is either 'private limited' or 'private limited which is a subsidiary of a public company' by virtue of section 4(7) of the Companies Act,1956.

ii) Infructuous by virtue of (i) above.

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