Multiple Choice Questions on A Private Company which is subsidiary of Public company is known as ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

A Private Company which is subsidiary of Public company is known as ........

Companies Act-Phase (I & II) Introduction to Company Act
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    A Private Company which is subsidiary of Public company is known as:

    Private Company

    Incorrect Answer

    Public Company

    Incorrect Answer

    Deemed Public Company

    Correct Answer

    None of the above

    Incorrect Answer
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    Explanation:

    By virtue of Proviso of Section 2(71) of Companies Act, 2013, a private company is for the purpose of the Act, deemed to be a public company, if it is Subsidiary of Public Company.

    By: Vikas Goyal
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