Kindly explain the section 4 (7)in detail.
1 What is the status of i.e.( Public or Private ) a Private limited company incorporated in India which is 100% subsidary of foreign company.
2 What will be the status of the above said company if it is not 100% subsidary of foreign company .
3 What will be the status of the company if its 51% paid up capital is held by foreign company and 49% by a indian Private lmited company /Public limitd company .
With Regards
Rekha Sharma
"NO reply so far " .Come on !
1. Private limited.
2. Depends upon the status of other shareholders.
3. Depends upon the status of the foreign company.
The said foreign company in all three cases is a foreign public limited company.
| Originally posted by :Rekha Sharma | ||
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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? |
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| Originally posted by :Guest | ||
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Thanks & Regards Rekha Sharma
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