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?
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Status of pvt ltd subsidiary of public ltd
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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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