Private Company which is subsidiary of a Public Company

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vivek

959 Points Posted on 15 December 2010

Dear All,

Sec. 3(1)(iv)(c)- Privae Company which is a subsidiary of a company which is not a Private Company.

My query is :-

1. Company "A Pvt. Ltd." is subsidiary of a ABC (Company incorporaed in abroad as Pvt. Company)- For sure "A Pvt. Ltd." is a pure Pvt. company under The Companies ACt, 1956.

2. Company "A Pvt. Ltd." is subsidiary of a ABC (Company incorporaed in abroad as Public Company)- What is the status of "A Pvt. Ltd." is this a pure Pvt. company/ Pvt. Company which is subsi of a Pub. Comp. under The Companies Act, 1956?

3. Company "A Pvt. Ltd." is subsidiary of a ABC (Company incorporaed in abroad as Pvt. Company) which is subsidiary of KL Ltd.(Indian Public Company)- What is the status of "A Pvt. Ltd." is this a pure Pvt. company/ Pvt. Company which is subsi of a Pub. Comp. under The Companies Act, 1956?

Regards,

Vivek

Replies (3)

Jayashree S Iyer

Company Secretary

2800 Points Posted on 15 December 2010

1) Agree . A Pvt Ltd is a private company.

2) A Pvt Ltd is a subsidiary of a public company. (Sec.4(6) )

3) A Pvt Ltd is a subsidiary of a public company.(Sec.4(7) )

Akansh Sharma

student

26 Points Posted on 20 January 2011

1) A Pvt Ltd is a private company.

2) A Pvt Ltd is a subsidiary of ABC ltd.

3) A Pvt Ltd is a subsidiary of a KL ltd.

Sudhir Garg

Service

271 Points Posted on 20 January 2011

I apprehend that in case of query 1, if the ABC, pvt company (abroad, the holding company) does not contain the private limited company conditions as prescribed under Indian Companies Act (which is normally not in foreign companies), then that pvt company "A" would also be considered as Pb Lt Co.

Please opine.

Regards- Sudhir