Subsidary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2015
Public Company can be a subsidiary of Private company?
If yes, then status of public company remains as public company or private company?
If yes, then status of public company remains as public company or private company?
09 May 2015
Yes, Public company can be a subsidiary of Private Co. But it does not mean that it will private company. It will remain as Public company for all the purposes.
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2015
Any Legal logic behind this???
11 May 2015
Because by virtue of its incorporation/articles and memorandum, it will remain a public company.
Law does not have any logic. It is purely an interpretation. you should stick to the definition of Public Co. If it does not mention anything about pubic company (being subsidiary of private company), then obviously it can not be termed as a private limited company.
Law does not have any logic. It is purely an interpretation. you should stick to the definition of Public Co. If it does not mention anything about pubic company (being subsidiary of private company), then obviously it can not be termed as a private limited company.
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