Section 4

Amruta (Querist) 27 February 2010 This query is : Resolved
If a JV Company which is a pvt company is formed with 51% holding by a foreign body corporate and 49% by an Indian company, will the said JVC b deemed to b a public ocmpany? Please clarify.

Thanks.

Amruta

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Guest (Expert) 27 February 2010
No. A company can be deemed to be a public company only if 51% of shares of any company is held by the Indian Govt or a public Ltd company. The description in your query does not meet this criteria.

Kumar Thadhani (Expert) 01 March 2010
Your query is still incomplete.

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