Status of pvt ltd subsidiary of public ltd

Pvt ltd 605 views 2 replies

Pls advice if a pvt ltd company becomes a subsidiary of public ltd company, then is it required to increase its members to minimum of 7 & increase directors to minimum of 3? Also will it be required to increase paid up capital to Rs 5 lacs?

Replies (2)

Not required at all.

If a pvt ltd company becomes a subsidiary of public ltd company, then it is not required to increase its members to minimum of 7 & increase directors to minimum of 3 and increase paid up capital to Rs 5 lacs.

These are the part of basis structure of the company and will remain as it is even if becomes subsidiary of a public company.

 

Regards

 

 

If a pvt. ltd company  becomes subsidiary  of public company, then  there is no need to increase its members and directors. 

 


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