Filing of mgt -14 for subsidiary company

Vide notification dated 5.6.2015 private companies have been exempted from filing MGT.14  u/s 117(3)(g) read with Sec.179(3).  Now the question is whether the subsidiary co. is a private co. or not.  Refer proviso to Sec.2(71) which says that subsidiary of public co. will be deemed to be public co. even if it continues to be a private co. in its articles.   Hence the said exemption is not available in this case.

I agree with PC Agrawal Sir

Thank you sir for your reply..so can we conclude that MGT -14 for Approval of Financials and Directors report will have to be filled though the Comapny is PVT Co. as company is subsidiary of Public Co.??

yes right u have to file MGT -14

Yes agreed with all the members.

Company willl loose all its exemptions and privlages. if the company is subsidiary of indian public Company , then Company has to file MGT 14 within 30 days of board resolution.

The exemption of filing form mgt 14 is available to those private company which are not the subsidiaries of public company

Thank you so much all of you for your valuable time and expert comment..