30 January 2013
I need an expert advice in this matter. actually one of our client company is failed to file its annual returns from the F.Y. 2008-09 till date, so that the director is being defaulted in MCA site.
In F.Y. 2007-08 Paid up capital was 500,000/-
there was in the financial year 2008-09: By adding the info:
1. X Ltd purchased it 25% shares 2. Y (P) Ltd purchased its 25% shares 3. Z (P) Ltd purchased its 25% shares
What is the company status in this particular year? Will there any deemed public co. status? Will any holding subsidiary relation?
01 February 2013
Thanks for the information sir. but can u please elaborate your answer.. if there is no concept of deemed pub. co. Then what exactly the meaning of deemed public company??
CAclubindia
