Section 4(7)
This query is : Resolved
14 December 2012
If a Pvt company in India which is subsidiary of a company incorporated outside india is coming under purview of section 4(7) as a public company. is its conversion from public to private is mandatory or it can be exist as a private company although prov of public company is applicable to it.
14 December 2012
Hi
It will be treated as deemed public company and the provision of the Companies Act, 1956 having this column " a private limited company which is a subsidiary of public company" will apply to such company.
The provisions like Articles, number of members or number of directors will not changes. All the provisions of private limited company will also apply.
Regards
It will be treated as deemed public company and the provision of the Companies Act, 1956 having this column " a private limited company which is a subsidiary of public company" will apply to such company.
The provisions like Articles, number of members or number of directors will not changes. All the provisions of private limited company will also apply.
Regards
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