Masons (Pvt.) Ltd. is a private limited company as per the articles of association of the company. However, a public company acquired shares in Masons (Pvt.) Ltd. thereby making the company, Masons (Pvt.) Ltd., a subsidi

In accordance with the provisions of the Companies Act, 2013, as contained in Section 2(71), a company which is a subsidiary of a company not being a private company, shall be deemed to be a public company for the purpose of this Act even where such subsidiary company continues to be a private company by its Articles. Thus, it has been clearly provided that a subsidiary of public company shall be deemed to be a public company even if it continues to be a private company in its Articles. Therefore, applying the above provisions it can be concluded that Masons Pvt. limited is a public company even through it is a private company by its Articles.