Prviate or Public limited company

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chankya dubey (Querist)
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23 September 2008
The Govt of jammu and kashmir holds 53% of shares in The jammu and kashmir Bank Ltd. As per the company law, it is called a public ltd company. But the actual position is that it is called as private bank. why.

Chankya Dubey.

chankya dubey

chankya dubey (Querist)
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23 September 2008

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Guest (Expert)

09 October 2009 People called the bank as Private Bank.

But, In actual It is Public Limited Company.

Don't go with people's use of words, go with the law.

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