A company named x private limited is ek holding company of Y limited, a public company
however X is a private limited company
is it will be deemed public company or not?
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Deemed public company if holding company is a private company
Replies (3)
No, it is not deemed public. Only subsidiaries are deemed public, not holding.
Then why tata sons is a deemed public company?
It became one in the old companies act and not due to being a holding company.
Now it is a private company.
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