Private company being a subsidiary of a public company
Sureshan K
As per the provisions of the Companies Act,2013 Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles.
Please let me know whether such companies are entitled to use the word ‘Private’ in their documents.
CS.Ramesh Periasamy
As per the provisions of the Companies Act,2013 Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles.
Please let me know whether such companies are entitled to use the word ‘Private’ in their documents.
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