https://www.taxtmi.com/circulars?id=9805 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. en-us Mon, 30 Sep 2002 00:00:00 +0530 Thu, 09 Jun 2011 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9805 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. Circulars Companies Law Mon, 30 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9805