Deemed Public Company ‑ Private limited company becoming public limited company by virtue of sub‑section (1A) ‑ Applicability of sections 198, 269, 317 and 370

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..... any ‑ Private limited company becoming public limited company by virtue of sub ‑ section (1A) ‑ Applicability of sections 198, 269, 317 and 370 Queries : 1. Consequent upon becoming a deemed public limited company under the amended section 43A, will it be necessary for the company to get an approval from the Central Government for the continuation of the appoin .....

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..... mpanies, having losses or inadequate profits, on becoming deemed public limited under section 43A to apply for approval for minimum remuneration to be paid to their managing/whole‑time directors ? If so, what is the time limit within which such applications should be submitted by such companies after their coming within the purview of section 43A ? 4. What would be the position of loans .....

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..... ment will be taken as five years from the date of the company becoming a public company. 3. In the event of inadequacy of profit, the company can pay the minimum remuneration after obtaining the approval of the Central Government under section 198(3) and the application for the purpose has to be made within a reasonable time from the date of the company becoming a public company under section .....

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