company law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2010
The definition of public company in The Company's Act,1956 is given as follows-
A public Company means a company which-
1.is not a private company,
2.has a minimum paid-up capital of Rs.5 lakhs,or such higher amount,
3.is a private company which is a subsidiary of a public company.
are all the above conditions necessary for a company to be called public company or any 1 of them can be fulfilled to be called a public company?
A public Company means a company which-
1.is not a private company,
2.has a minimum paid-up capital of Rs.5 lakhs,or such higher amount,
3.is a private company which is a subsidiary of a public company.
are all the above conditions necessary for a company to be called public company or any 1 of them can be fulfilled to be called a public company?
CS Vandana Kacholia
(Expert)
13 March 2010
Well all the three conditions should be fulfilled simultaneously to be called public company.
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