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Case Law on Company Law required Suggestion

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Anusha asked over 2 years ago

Masons pvt ltd company is a pvt ltd company as per the AOA of the company, However a public company acquired shares in Masons pvt ltd thereby making masons pvt ltd subsidiary of that public ltd company . What will be the impact of such acquisition of shares by a public company on Masons pvt ltd.

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hema commented over 1 year ago

Masons pvt ltd company shall be deemed to be public company

2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 megha answered over 2 years ago

hello, Masons pvt ltd company shall be **deemed to be public company** for the purposes of this Act even where such Masons pvt ltd continues to be a private company in its articles. ********* The deemed public companies are viewed by the law as public companies and are subject to more or less all compliances as are applicable on public companies, even though these companies may be operating as private companies.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Prakhar Bansal answered over 2 years ago

YOUR COMPANY MAY BE A PRIVATE COMPANY BUT SINCE THE SAME HAS BECOME A SUBSIDIARY OF A PUBLIC COMPANY, IT WOULD BE DEEMED TO BE A PUBLIC COMPANY.

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