comapny law

This query is : Resolved

harsh mittal (Querist)
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28 September 2010 AB pvt ltd is a subsidiary comapny of a foreign company and foreign company holds 75% shares of AB pvt ltd.

My queries are as follows:

1)Will AB pvt ltd be deemed as public co. for applicability of provisions? Will it be treated as pvt co. or public co.?

2) Any change if foreign company holds 90% shares

Mohit Garg

Mohit Garg (Expert)
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29 September 2010 First confirm the status of Foreign Co. in its own country.
concept of Deemed public co. does not exist.
And in more cases ROC treats subsi of foreign co. as pvt. co.

No changes if it holds 90%