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Comapny act
Corporate & Other Laws
Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act 'even where such subsidiary company continues to be a private company in its articles' Explain me last line From even where to in its articles
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A company may be a private company as per its articles that is articles restrict right of transfer of shares, limits the numbers of members to 200 etc. [conditions as per S.2(68)], but if it is subsidiary of public company, it will be deemed public company
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