Section 4(7) of Companies Act
This query is : Resolved
29 September 2007
Dear All,
Can any body give me the interpretation of Section 4(7) of Companies act.When any Wholly Owned Susidiary of Foreign Corporate is deemed to be public company in terms of Section 4(7) .
Regards,
RK
Can any body give me the interpretation of Section 4(7) of Companies act.When any Wholly Owned Susidiary of Foreign Corporate is deemed to be public company in terms of Section 4(7) .
Regards,
RK
Ravikumar.G
(Expert)
29 September 2007
If the entire share capital in that private company is not held by that body corporate. It is deemed public company. But they should file returns to RoC in respctive Forms. (If any nominee is assigned)
i.e If the entire share capital in that private company is held by two body corporate it will be treated as Private Company. Indian subsidiaries of foreign public companies need not, if they are pvt companies, file their profit and loss account with the Registrar (vide sec 220(1)(b).
i.e If the entire share capital in that private company is held by two body corporate it will be treated as Private Company. Indian subsidiaries of foreign public companies need not, if they are pvt companies, file their profit and loss account with the Registrar (vide sec 220(1)(b).
Message likes :
1 times
11 November 2007
Mr. Ravi Kumar,
Please do contribute and give your time to us as it is ultimately knowledge that counts.
Please do contribute and give your time to us as it is ultimately knowledge that counts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
