Holding subsidiary
This query is : Resolved
22 July 2015
if paid up capital of a subsidiary of public company is 2lakh then the subsidiary will be a public company or not
23 July 2015
irrespective of paid up capital...a private company which is a subsidiary of Public company shall always be deemed public company for the purpose of the Companies Act 2013.
23 July 2015
Agree with the opinion of learned expert.
You can verify the same from the definition of Public company. Kindly refer section 2(71) of companies act, 2013.
Thanks
You can verify the same from the definition of Public company. Kindly refer section 2(71) of companies act, 2013.
Thanks
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