Co. Status

Others 630 views 1 replies

What will be status of M/s. DDD Pvt Ltd & M/s. CC Pvt Ltd  as Pvt Ltd or Closely Public Held?

Suppose M/s. DDD Pvt Ltd

Shareholder:

A Co. - 51% (Outside India Registered)

B Pvt Ltd Co. - 41% (India Reg)

C Pvt Ltd. Co. - 8% (India Reg)

Thus total 100% Complete

and  

C Pvt Ltd has shareholder :

E Co. - 55% (Outside REgistered)

F Pvt Ltd - 45% (Indian REg)

Replies (1)

both the private companies will be treated as subsidaries of public limited company for the purpose of the section 4(7).


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