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deemed public company

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(Querist)
30 May 2009 if PUBLIC FOREIGN COMPANIES
OPERATE THROUGH
PRIVATE SUBSIDIARY COMPANIES IN INDIA , is it deemed public company in india or not?

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Jagruti (CS)

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Jagruti (CS) (Expert)
02 June 2009 The criteria for foreign company in stated in Sec 4(7) of Companies Act.

If that foreign company is public co if incorporated in INdia is public and do not held 100n % shares than Private company is public company.

But if that company holds total share of private company together with other foreign company than it is pvt. co.

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