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Do a private company which is a subsidiary of public company need to comply with all compliances applicable to public company, if it meets the threshold limits of capital and turnover etc?

Compliances

Posted By: Monika bhardwaj 10 year(s) ago

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Monika Bhardwaj

Thanks to all we are of the same opinion that private company which is a subsidiary of indian public comapany will be deemed to be public for all compliances but if holding company is a foreign company then private company will be treated as purely private company as Section 4(7) has no longer in the act now.

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RAJANSH THUKRAL

Please see section 2(71), a subsidiary of a public company shall be deemed to be a public company.

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Mookambika R

Yes.. If the holding company is an Indian Company. If not, no.

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Ramasubramanian

Yes ! Pl go through the definition. You will find the answer.

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Monika Bhardwaj

Thanks Mr. Ramasubramanian

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