Tuesday, December 06, 2016

Incorporation of A Public limited Company

Incorporation of A Public limited Company

Section 2 (71) states that a public company means a company which:

is not a private company;

has a minimum paid-up share capital , as may be prescribed:

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 purpose of this act even where such subsidiary company continues to be a private company in its articles.
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