What is section mentioning private company which is subsidiary of public company is public company
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 29 May 2010
You will find the reference in Sec 3(1)(iv) i.e. definition of public co.
"public company" means a company which-
(a) is not a private company;
(b) has a minimum paid-up capital of five lakh rupees or such higher paid-up capital, as may be prescribed;
(c) is a private company which is a subsidiary of a company which is not a private company.
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