2007-09-26 19:54:50 · 3 answers · asked by king 4 in Business & Finance ➔ Corporations
The concept of a deemed public company has been done away with. The deeming Section was S43A of the Indian Companies Act, which provided that in case not less than 25% of the paid up share capital of a private company is held by one or more bodies corporate, the private company shall be deemed by virtue of this section to be a public company. But when the Companies (Amendment Act), 2000 was enacted, the provisions relating to deemed Public Company were effectively withdrawn.
The concept of “deemed public company” was thus practically abolished by the Amendment Act, 2000 by making section 43-A inoperative.
For the full discussion of the effect of the Amendment Act, click on the link.
2007-09-26 22:00:48 · answer #1 · answered by Sandy 7 · 1⤊ 0⤋
Become A Ltd Company
2016-12-17 07:40:21 · answer #2 · answered by Anonymous · 0⤊ 0⤋
when its 50%share are in the hand of public
2007-09-26 19:58:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋