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Status of a foreign subsidiary

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(Querist)
13 November 2019 If the ultimate Holding Company was incorporated abroad,will its WOS Pvt.Ltd.Company be treated as a deemed public company in India?Its immediate Holding Company was also incorporated abroad but it is a Pvt.Ltd. Company.
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CS Richa Sharma

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CS Richa Sharma (Expert)
22 January 2020 No..it will be treated as subsidiary of foreign company.

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