Regarding new provisions of Section 43A(2A) of the Companies Act, 1956

Reversion to private company status: subsidiaries of foreign corporates may revert upon application; Registrar must update certificate.

The amendment nullifies the earlier deemed public effect for subsidiaries of foreign body corporates, restoring statutory private company status where applicable. Companies must apply to the Registrar to amend their certificate of incorporation, and the Registrar is required to substitute 'private limited' for 'public limited' and complete corrections within four weeks. No time limit is prescribed for seeking reversion; companies that do not apply are deemed to have chosen to remain public, and the former exemption used when foreign bodies held all shares is no longer required.