Applicability of PUBLIC COMPANY RULES or Not

Hye Mr. Nitin,

in case of private company which is subsidiary of public company, all provisions of public co. are applicable to it

ref. - Sec. 372A Inter-corporate Loans & Investments etc.

But I am sorry for former question because term 'Public Co. subsidiary of Private Co.' I heard first time.

Dear Yogesh

if a pvt is subsi of Public comp then most of sections are applicable not only 372A

and ya dear there is a reverse case.

Regards

Mr. Nitin,

I agree with you & I knew it. Thats why I mentiomed 'etc.' after Sec. 372A