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A private company which is subsidary of public company is deemed to be public company.... ?

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220 Points Posted on 20 June 2018
A private company which is subsidary of public company is deemed to be public company....

Is it mandatory for pvt company to alter its Aoa?
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On 20 June 2018 at 18:16 Report
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Chartered Accountant
279 Points Posted on 20 June 2018
A private company which is a subsidiary of public company continues to be private company in its AOA. They are not required to alter their AOA.

Regards.
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On 20 June 2018 at 18:36
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Chartered Accountant
2195 Points Posted on 20 June 2018
No not mandatory because status only for some rules
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On 20 June 2018 at 19:42
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Student
389 Points Posted on 20 June 2018
proviso to section 2(71) ..it shall be deemed ti be public co. even if continues to ve pvt com as per its articles..so no alteration is required
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On 20 June 2018 at 21:24
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179 Points Posted on 21 June 2018
no need to alter, still it is considered as a public company though it's articles shows as a private company.
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On 21 June 2018 at 08:46


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