A private limited company has 48% shareholding of bodies corporate of its equity share capital. So virtue of section 43 A it has become deemed public company. Kindly let me know that whether all provisions relating to public companies will be followed in this matter.
3 Replies
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 08 January 2012
First of all let me tell you that the Section 43A of the Companies Act,1956 is no more applicabme except sub-section 2A of the same on and after the commencement of the Companies (Amendment) Act, 2000.]
The concept of deemed public company is scrapped.
other views are solicited
K.K.K.
(Professional)
(131 Points)
Replied 08 January 2012
Concept of Deemed public company is burried in the company law books.
This concept is no more alive except as stated by CS Charu.
Agree with CS Charu.
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