Deemed Public Company Major shareholding with parent company outside India Whether the section operates to make Indian private company a public company

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....209; Whether the section operates to make Indian private company a public company Where a small percentage (say less than one) of the shares is held by individuals and the rest by the parent company outside India, section 43A would operate to make the Indian private company a public company. Actually, the section will operate except where the entire share capital is beneficially owned by the cor....