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'Beta Innovations Pvt. Ltd.' is registered as a private company and its articles restrict the transfer of its shares and limit its members to 50. However, 60% of Beta Innovations' share capital is acquired by 'Mega Corp Ltd.', which is a registered public company. What is the legal status of Beta Innovations Pvt. Ltd. under the Companies Act, 2013 after this acquisition?
It turns into an invalidly formed company, as it strikes its name from registers
It remains a strictly private company, as its articles still restrict its membership
It becomes a deemed public company, as the Act supersedes its prior articles
It stays an exempted associate company, as it withholds old private privileges
It becomes a deemed public company, as the Act supersedes its prior articles
Practice and solve "'Beta Innovations Pvt. Ltd.' is registered as a private company and its articles restrict the transf..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option C: It becomes a deemed public company, as the Act supersedes its prior articles. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "'Beta Innovations Pvt. Ltd.' is registered as a private company and its articles restrict the transf..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option C: It becomes a deemed public company, as the Act supersedes its prior articles. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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