alleryStart learning →A private-company subsidiary of a non-private company is treated as?
AGovernment company
BSmall company
CPublic company
DPrivate company
Answer & Solution
Correct answer: C. Public company
The proviso to section 2(71) deems such a subsidiary to be a public company even if its articles keep it private.
Keep practising Companies Act - Preliminary
Browse all Companies Act - Preliminary questions for CA Inter, or explore more Law topics.
Related questions
A Global Depository Receipt is created by a depository located where?A firm in which a director's relative is a partner is a?'Remuneration' includes perquisites as defined under which Act?A notification under the Act is published where?Which Act is listed as a 'previous company law'?'Prescribed' under the Act means prescribed by what?'Banking company' is defined by reference to which Act?'Book or paper' also covers records kept in which form?