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Listed public company?

Hiten (CA) (275 Points)

09 September 2016

can anyone explain me what is Listed public company? like for eg.149(4) of companies act,2013 states that Every "listed public company" shall have 1/3 of total director as independent director what I understood is that every listed company is public company. then what is this listed public company? can there be listed private company too..?

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5 Replies

dig vijay (ok) (151 Points)
Replied 09 September 2016

Well currently there is no such company as listed private company. But in future

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dig vijay (ok) (151 Points)
Replied 09 September 2016

the might be a situation where a private limited company can become a listed company

ANKUR TAH (Teacher Consultant and CA finalist.) (543 Points)
Replied 10 September 2016

Listed co is basically the co whose name mentioned in National stock exchange/ Bombay stock exchange. And generally listed for trading by public.
Here public investment is exist that's why it's called public co.
Sebi is controlled all the regulatory matter.
And yes every listed co have to rotate directors as per sec152(6).

Heena (Financial Analyst) (21 Points)
Replied 22 September 2016

the term listed public company is used in this section only to imply it's applicability to listed company, which means any other public company which is not listed on a stock exchange need not follow this provision. here we have to distinguish between only listed and unlisted public companies. private companies cannot be listed.

(Guest)

Pvt companies can list there debentures... so 149(4) clearly used listed PUBLIC companies.... If it uses listed companies.. then Pvt companies which has listed there debentures also will fall