Changes in legal definition of Public Company in Indian Law in the context of the Companies Act 1956 / 2013 and the Companies Amendment Act 2015

1. Public Companies in
India - Definition
Companies Act, 1956
Companies Act, 2013
Amendment Act, 2015
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2. Public Companies
Definition Companies
Act, 1956
Companies
Act, 2013
1st
Amendment
2015
a company which is not a private
company
  
has a minimum paid-up capital   
of five lakh rupees or such higher
paid-up capital
  
as may be prescribed   
is a private company which is a
subsidiary of a company which is not
a private company.
  
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3. Public Companies
Definition Companies
Act, 1956
Companies
Act, 2013
1st
Amendment
2015
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
  
A company may be formed for any
lawful purpose by seven or more
persons, where the company to be
formed is to be a public Company
  
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4. Thanks
For queries / concerns mail :
gupta.satya.prakash@icai.org
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