Q 1 Jagruti (Pvt.) Ltd. is a private limited company as per the Articles of Association of the
company. However, a public company acquired shares in Jagruti (Pvt.) Ltd., thereby making it
(Jagruti (Pvt.) Ltd.) a subsidiary of that public company. State the provisions and impact of
such acquisition of shares by a public company on Jagruti (Pvt.) Ltd.
Answers
Explanation:
The impact ofgiven acquisition of shares by a public company on Jagruti would be;
When a private company is taken up a public company, or any subsidiary of company, the previous shares will all become public
All provisions related to section 196, 197 and 203 of Companies Act will now be applied to Jagruti
Jagruti company, earlier a private company, will now enjoy the status of public company
Answer:
J C Jagruti Private Limited is a Non-govt company, incorporated on 01 Mar, 2013. It's a private unlisted company and is classified as'company limited by shares'.
Company's authorized capital stands at Rs 5.0 lakhs and has 20.0% paid-up capital which is Rs 1.0 lakhs. J C Jagruti Private Limited last annual general meet (AGM) happened on 27 Sep, 2017. The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs (MCA).
J C Jagruti Private Limited is majorly in Business Services business from last 7 years and currently, company operations are active.
Company is registered in Delhi (Delhi) Registrar Office. J C Jagruti Private Limited registered address is A-1/18 JANAK PURI NEW DELHI West Delhi DL 110058 IN.