Status of holding company

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Sunita Yadav

Sunita Yadav (Querist)
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31 July 2013 whether a holding( private co.) co. of a public limited co consider as a public limited co?

Ajay Mishra

Ajay Mishra (Expert)
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31 July 2013 Read Section 4(6)& (7) of the Companies Act, 1956.

(6) In the case of a body corporate which is incorporated in a country outside India, a subsidiary or holding company of the body corporate under the law of such country shall be deemed to be a sub- sidiary or holding company of the body corporate within the meaning and for the purposes of this Act also, whether the requirements of this section are fulfilled or not.

(7) 1[ A private company, being a subsidiary of a body corporate incorporated outside India, which, if incorporated in India, would be a public company within the meaning of this Act, shall be deemed for the purposes of this Act to be a subsidiary of a public company if the entire share capital in that private company is not held by that body corporate whether alone or together with one or more other bodies corporate incorporated outside India.]

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