Hi,
To dermine status of a private limited company under Section 4(7) , should I look status of its holding comany or should i go beyond that and look for holding's holding, and then its further holding and so on till i reach to a final group holdding company.
For e.g. ABC Pvt. Ltd. is owned by AAA Singapore which is a pvt. ltd. company ....then AAA is owned by BBB Pvt. Ltd. (UK) which is again pvt. ltd...but BBB is owned by CCC Ltd which is a public limited in USA....so should i look only upto AAA or do we have to look till CCC to determine status under Section 4(7).
regards
CAclubindia
