Legal Question in Business Law in India

Company law 1956
ABC Pvt. Ltd. (��ABC��) was incorporated on May 10, 1995, as a private limited company pursuant to the unamended Section 3(1)(iii) of the Companies Act, 1956. Since the majority of the share capital of ABC was held by ABC Co., USA, it became a subsidiary of ABC Co., USA, while XYZ held a minority shareholding. ABC Co., USA is not a publicly traded company in USA.

The Companies Act, 1956 was amended by the Companies (Amendment) Act, 2000 which came into force on December 13, 2000. Under Section 3(1)(iv), a ��Public Company��, after the amendment, means a company which is private company which is a subsidiary of a company which is not a private company.

Now post your views on following question
�� Status of ABC Pvt Limited in India under the Indian Companies and explain the same in detail on the effect of change in shareholding pattern of ABC Pvt Ltd.

Asked on 6/26/08, 8:17 am

G. M. Gupta gmguptaandassociates

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Re: Company law 1956

sorry i am not interested in giving interview or exam to you.

i dont reply questions in this form.

you can take consultation from me on any issue on payment of rs 5000/- per meeting

Answered on 6/27/08, 2:48 am

Aniruddha Pawse Aniruddha.P.Pawse Advocates

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Re: Company law 1956

Contact a local advocate practising in company law.

Answered on 6/26/08, 10:51 am

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