Section 224(1b)
This query is : Resolved
17 May 2012
when a Private Limited company which is subsidiary of Public Ltd company, in such a situation the will limit of 20 Public Ltd Companies be applicable or not?
17 May 2012
For the purpose of Section 224(1B), public company includes a private company which is the subsidiary of a public company.
Accordingly, the limit of 20 companies will be applicable.
Accordingly, the limit of 20 companies will be applicable.
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