Sec 43a(1b) of companies act
This query is : Resolved
23 June 2012
If a private company hold atleast 25% of the paid up share capital in a public company it was regarded as deemed public company("was" because sec 43A is ineffective now).subsequently if there is reduction in the holding(i.e the holding in public company co is reduced below 25%)can it still be regarded as deemed public company
Ajay Mishra
(Expert)
26 June 2012
Hi
Please read sub section (11) of Section 43A of the Companies Act, 1956.
Please read sub section (11) of Section 43A of the Companies Act, 1956.
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