Public Company - Companies Law Ready Reckoner - Companies Law

As per section 2(71) of the Companies Act, 2013 , unless the context otherwise requires. public company means a company which- ( a ) is not a private company; and ( b ) has a minimum paid-up share capital as may be prescribed: 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 ;