My company is incorporated as a private limited company with me holding 1000 shares, one foreign individual holding 1000 shares and one foreign private company holding 98000 shares. Now the Foreign Private Company has been acquired by a foreign public listed company. Now where my company is placed under companies act. Also enlighten the secretarial compliances to be followed.
It is a case of Sub Subsidiary and therefore your company will automatically treated as deemed public company and need to follow all formalities applicable to public company.
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