Public company means a private company being a subsidiary of a company which is not a private company Plz - Accountancy - Dissolution of Partnership Firm

Question

Public company means a private company being a subsidiary of a
company which is not a private company Plz explain briefly

Neelu Chathli · Accepted Answer

Dear Student

This sentence implies that a subsidiary of a public company will
also become a public company even though individually it may be a
private company

For example : Consider 2 companies - A Ltd and B Pvt Ltd
If B Pvt Ltd is a subsidiary (sub-company) of A Ltd , then B Pvt
Ltd will also be deemed as a public company

Regards

Public company means a private company being a subsidiary of a company which is not a private company. Plz explain briefly