deepika (articled assistant) (24 Points)
21 November 2009Hey friends, as there are so many Gvernment Companies which have registered themselves as Private Ltd Companies, I want to know whether Section 293(1)(d) of Companies act, 1956 is applicable to such companies.
Please friends, I need your help urgently.
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 21 December 2009
Deepika,
Section 293(1) is applicable to a public company, or a private company which is a subsidiary of a
public company. So it that govt company(pvt ltd) is subsidiary of any public company, then provisions of section 293(1)(d) will be applicable.
Adarsh
CS Md. Zaffar Rizwani
(Service)
(264 Points)
Replied 15 March 2012
Dear Friends,
Please read Section 620 carefully, hope you will get answer from said section. Actually gov.company are exempted from companies act and only few section are applicable to gov. companies subject to some modification and alteration.
regards,
zaffar
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