Subsidiary of Public company

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abvvora (Querist)
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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?

Arun

Arun (Expert)
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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

Sanjay Chopra CA (Expert)
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14 December 2007 No formal Conversion is not required

Santosh Mishra

Santosh Mishra (Expert)
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15 December 2007 NOT AT ALL.

Company on question,ll be automatically subjected to provisions applicable to Limited Company.

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