Deemed public company

Internal Audit 4640 views 4 replies

hi. i am doing an audit of one of the companies where i came across another company with whom they are dealing and that company is recognised as Deemed Public Company.

Can anybody clarify the clear meaning of Deemed public Compnay.

Replies (4)
Deemed public company is a private limited Company which is subsidiary of a Public limited Company.

thanks just wanted to be sure...

Hi. Can anybody plz state the implications of a pvt co being  a public co?

Should it raise its capital, shareholders & Directors as per a public co?

any return has to be sent to ROC?

Certain private companies are deemed to be public companies by virtue of section 43 A, viz.-

1. when 25% or more of its paid-up share capital is held by one or more body corporate;

2. when its average annual turnover (during the last 3 years) exceeds Rs. 25 crores;

3. when it holds 25% or more of the paid-up share capital of Public Company; or

4. when it accepts or renews deposits from the public after making an invitation by an advertisement.


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