Whether public company will be deemed to be company in which public are not substantially interested by reason only of the fact that number of its directors at any time during previous year is less than six

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..... ally interested by reason only of the fact that number of its directors at any time during previous year is less than six 1. Reference is invited to Circular No. 44 (LXXV-8) of 1955 [F. No. 4(47)55/Tec.], dated 1-11-1955 of the then Central Board of Revenue on the above subject copy of which is enclosed for ready reference [ Annex ]. 2. Necessary instructions may please be issued to the I .....

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..... and dried definition of the expression "control of the affairs of a company". It is, however, not the same as the running of the business from day-to-day by a director. It is, therefore, not necessary that there should be not less than six directors in order that section 23A should not apply. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - .....

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