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  3. Sir as per section 2(71) of cos. Act 2013 subsidiary of public co whether its pvt. Is also a public co. Then why in exemption in Applicability of CARO to pvt. Cos. is written no holding or subs. Should be public ..Question is why there is need to write Holding co. should not be public as it is understood.
Questions › Sir as per section 2(71) of cos. Act 2013 subsidiary of public co whether its pvt. Is also a public co. Then why in exemption in Applicability of CARO to pvt. Cos. is written no holding or subs. Should be public ..Question is why there is need to write Holding co. should not be public as it is understood.
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Bharat Gahlotbharat gahlot asked 7 years ago
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RaviRavi Staff answered 7 years ago

It is clarificatory in nature and it also covers situation when subsidiary is public company . So they are explaning both scenarios where either way you are connected to public you will get disqualified.

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Auditaudit Staff answered 7 years ago

Thanks sir.