Public Ltd Company

Ysil Karunai (Querist) 14 February 2011 This query is : Resolved
Dear sir,
Please consider the following issue and clarify.
A Public Ltd Company which is a 100% subsidiary of Private Ltd Company!
Query:
1. How many members & Share holders should be in Public Ltd Company, Whether 7 or 2. If 7, then how can it became 100% Subsidiary of Private Ltd Company?
2. Similary how many Directors?

Follow Query

Report Abuse

R.Ramachandran (Expert) 14 February 2011
A public Limited Company can never be a 100% subsidiary of a private limited company.

Amit Minocha (Expert) 14 February 2011
agree with expert

M V Gupta (Expert) 18 February 2011
In terms of Sec.3(iv) a public Ltd company cannot be subsidiary of a Pvt Ltd Company. On the other hand a pvt Ltd company which is subsidiary of a Public Company will be regarded as Public Company. There is no limit on the number of persons who can be shreholders in a Public Company. A public company should have a minimum of 7 Directors on its Board.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries