deemed public company
This query is : Resolved
30 May 2009
if PUBLIC FOREIGN COMPANIES
OPERATE THROUGH
PRIVATE SUBSIDIARY COMPANIES IN INDIA , is it deemed public company in india or not?
OPERATE THROUGH
PRIVATE SUBSIDIARY COMPANIES IN INDIA , is it deemed public company in india or not?
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.
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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