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    Status of Deemed Public Company

    Posted By : Kamal / Published on : 10-Jan-2022 02:55 PM / View : 312 / Comment : 0
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    Dear Professionals,

    Greetings!

    Kindly advise regarding the below :-

    X is a private limited company incorporated under Indian Companies Act, 1956. Its holding company i.e. Y hold 99.99% shareholding of X and Y is incorporated in Japan. Y's holding company i.e. Z (Listed in Tokyo stock exchange) holds 100% shares of Y.

    Please advise whether X will be considered as deemed public company ?

    Read more on : company public deemed status



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