sec.4(7) and sec.43A of the Companies Act1956

Hi friends,

My querry is about the clarification of the sec. 4(7) and sec.43A of the Companies Act1956.

Can a company which is has been incorporated as a private ltd. co. in India and who is a Wholly owened subsidiary of another co. who is a public co. having two shareholders all are body coporates incorporated outside India, be come under  the purview of Deemed public co.or a private co who is a subsidiary of a public company.

Please help me out by clarifying my Doubts.

Thanks in advance.

CS.Shailendra.