Hi,
Someone may please reply :
ABC Private Limited became a Subsidiary of Foreign Company.
Subsidiary company is just holding 1% and remaining by Foreign Company.
Query 1
Whether the Subsidiary company shall remain as a Private Limited or Public Limited.
Ans : ....................
Query 2
If the Subsidiary company status shall change as Public Limited, then please let me know the
procedure or RoC compliances to be initiated and forms to be filed with RoC, if any.
Ans : ....................
I shall wait for the replies.
Thanks.
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