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The proviso to Section 2(71) of the Companies Act, 2013 relates to:

The proviso to s.2(71) concerns holding and subsidiary companies: a subsidiary of a company that is not a private company is deemed a public company, even if its articles…

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The proviso to Section 2(71) of the Companies Act, 2013 relates to:

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Correct answer D

The proviso to s.2(71) concerns holding and subsidiary companies: a subsidiary of a company that is not a private company is deemed a public company, even if its articles still describe it as private. Restrictions on share transfer belong to the definition of a private company in s.2(68), and prospectus liability to ss.34 and 35.

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