sec.4(7) and sec.43A of the Companies Act1956

Shailendra Pratap Singh (Company Secretary) (30 Points)

18 June 2010  

Hi friends,

My querry is about the clarification of the sec. 4(7) and sec.43A of the Companies Act1956.

Can a company which is has been incorporated as a private ltd. co. in India and who is a Wholly owened subsidiary of another co. who is a public co. having two shareholders all are body coporates incorporated outside India, be come under  the purview of Deemed public co.or a private co who is a subsidiary of a public company.

Please help me out by clarifying my Doubts.

Thanks in advance.

CS.Shailendra.