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 :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
