Rekha Sharma (Company Secretary) (167 Points)
06 September 2008Kindly explain the section 4 (7)in detail.
1 What is the status of i.e.( Public or Private ) a Private limited company incorporated in India which is 100% subsidary of foreign company.
2 What will be the status of the above said company if it is not 100% subsidary of foreign company .
3 What will be the status of the company if its 51% paid up capital is held by foreign company and 49% by a indian Private lmited company /Public limitd company .
With Regards
Rekha Sharma
Rekha Sharma
(Company Secretary)
(167 Points)
Replied 08 September 2008
"NO reply so far " .Come on !
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 08 September 2008
1. Private limited.
2. Depends upon the status of other shareholders.
3. Depends upon the status of the foreign company.
Rekha Sharma
(Company Secretary)
(167 Points)
Replied 08 September 2008
The said foreign company in all three cases is a foreign public limited company.
Lineesh James
(Company Secretary)
(30 Points)
Replied 17 September 2008
| Originally posted by :Rekha Sharma | ||
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1. Status of a public company is public in any case. 2. Status of private Company-depends on its share holding pattern and on the status of its holding foreign company interpreted according to the definition of a public Company under the Companies Act 1956. 3. If no foreign company is identifiable as a holding company ( as per Section 4) - the Company will be Private company. 4. If the foreign company is a holding Company but not a public Company as interpreted according to the definition under the Companies Act 1956 - the Company will be Private company. 6.If the foreign company is a 100% holding Company and a public Company interpreted according to the definition under the Companies Act 1956-- the Company will be Private company. 7.If the foreign company is a holding Company and a public Company interpreted according to the definition under the Companies Act 1956 but the remaining shares are held by other foreign body corporates (public or private)-- the Company will be Private company 8.If the foreign company is a holding Company and a public Company interpreted according to the definition under the Companies Act 1956 but the remaining shares are held by non -body corporates and/or by Indian body corporates -- the Company will be Public Company am i right? |
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Rekha Sharma
(Company Secretary)
(167 Points)
Replied 17 September 2008
| Originally posted by :Guest | ||
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Thanks & Regards Rekha Sharma
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