Can the pvt ltd co. continue?

Hello,

Kindly give a detailed reading of section 4(7). It states in a very confusing way that in case the entire share capital is not held by one or more corporate incorporated outside india in such scenario it would be deemed to be as public company.

To put it in a simple way:-

In your case the entire share capital is held by foreign entities, In this case although Holding companies being a public company , the Indian entity would be a private company and not being a subsidiary of a public company....

To conclude:-

'A' be a private company and not being a subsidiary of a public company.

Experts views are solicited.

Further, please read the attached extracts from Rammaiya... for detailed understanding.

here goes the attachement...sorry