2 Answers
RaviRavi Staff answered 11 months ago

Ok so we are thinking from point of view of A Pvt Ltd
and question is whether B Ltd is public company
Now public company will become related party only if our Director or Manager are Director at Public Company AND they also hold more than 2% of paid up share capital of such public company, so they should hold position & shareholding both.
No need to go to put lot of time on this definition, remember diagram and move on, not very important from exam point of view in Inter / IPCC 

AnonymousAnonymous answered 11 months ago

Okay sir 👍

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