Sec 4(7)

1. Status of a public company is public in any case.

2. Status of private Company-depends on its share holding pattern and on the status of its holding foreign company interpreted according to the definition of a public Company under the Companies Act 1956.

3. If no foreign company is identifiable as a holding company ( as  per Section 4) -  the Company will be Private company.

4. If the foreign company is a holding  Company  but not a public Company  as interpreted according to the definition under the Companies Act 1956 -  the Company will be Private company.

6.If the foreign company is a  100% holding  Company  and a public Company interpreted according to the definition under the Companies Act 1956--  the Company will be Private company.

7.If the foreign company is a  holding  Company  and a public Company interpreted according to the definition under the Companies Act 1956  but the remaining shares are held by other foreign body corporates (public or private)--  the Company will be Private company

8.If the foreign company is a  holding  Company  and a public Company interpreted according to the definition under the Companies Act 1956  but the remaining shares are held by non -body corporates and/or by Indian body corporates --  the Company will be Public Company

 am i right?

Originally posted by :Rekha Sharma


"

1. Status of a public company is public in any case.
2. Status of private Company-depends on its share holding pattern and on the status of its holding foreign company interpreted according to the definition of a public Company under the Companies Act 1956.
3. If no foreign company is identifiable as a holding company ( as  per Section 4) -  the Company will be Private company.
4. If the foreign company is a holding  Company  but not a public Company  as interpreted according to the definition under the Companies Act 1956 -  the Company will be Private company.
6.If the foreign company is a  100% holding  Company  and a public Company interpreted according to the definition under the Companies Act 1956--  the Company will be Private company.
7.If the foreign company is a  holding  Company  and a public Company interpreted according to the definition under the Companies Act 1956  but the remaining shares are held by other foreign body corporates (public or private)--  the Company will be Private company
8.If the foreign company is a  holding  Company  and a public Company interpreted according to the definition under the Companies Act 1956  but the remaining shares are held by non -body corporates and/or by Indian body corporates --  the Company will be Public Company
 am i right?

"


You are 100% right & thanks for removing all confusions from the mind pertaing to this section.

Thanks & Regards

Rekha Sharma