Subsidiary of Public company
This query is : Resolved
13 December 2007
If a private company becomes subsidiary of a public limited company than its become deemed public company. Provisions applicable to public limited company will be applicable to deemed private company.
My question is whether is it necessary to conver the company into Public Limited company?
My question is whether is it necessary to conver the company into Public Limited company?
14 December 2007
When a Private ltd Company becomes the Subsidary of Public Company the private comnpany deemed to be a Public Company. All the Provisions are applicable in line with the Public company. But the Convertion not required.
Sanjay Chopra CA
(Expert)
14 December 2007
No formal Conversion is not required
Santosh Mishra
(Expert)
15 December 2007
NOT AT ALL.
Company on question,ll be automatically subjected to provisions applicable to Limited Company.
Company on question,ll be automatically subjected to provisions applicable to Limited Company.
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