Menu
public company acquired a private company
is there need to change the number of directors and shareholder
Replies (1)
private company which is subsidiary of a public company will be considered as public company only for the purpose of compliances under the act. ie., such v private company should do all compliances as if it is a public company. however, the Constitution of private company remains the same and consequently it need not increase no. of directors..etc. pls refer to section 2(71)proviso
Recent Topics :
- Outstanding Demand in Income Tax: How To Respond?
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
Related Topics :
CAclubindia
