Company law

Aashish (Querist) 18 January 2012 This query is : Resolved
It is said a private company which a subsidiary of public company is a public company.

Than is it that when a private company becomes a subsidiary of public company, the private company is required to increase its number of members from 2 to 7. Directors are required to increase from 2 to 3....?????

If the answer is negative because of the reason that the private company is a separate legal entity than what is reason that other provisions which are applicable to a public company are made applicable to a private company....???????

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Shonee Kapoor (Expert) 18 January 2012
Someone better versed with company law can answer this query.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Raj Kumar Makkad (Expert) 18 January 2012
As advised earlier do not post academic queries in this section rather move to forum section.

Advocate. Arunagiri (Expert) 18 January 2012
Private limited company can have a minimum of 2 directors, even if becomes the subsidiary of public limited company. Need not increase its members or directors.

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