Conversion of a Private Limited Company to a Public Limited
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 January 2010
What are the additional compliance requirements that a company has to follow once it gets converted to a public limited company?
Why do some companies hesitate to convert their private limited company into a public limited company?
Why do some companies hesitate to convert their private limited company into a public limited company?
04 January 2010
All Section which were applicable to Public Company only need to be complied instance Section 293, 300, 295, 372A, & others. Also if paid up capital more than 5 crore, 292A i.e. constitution of Audit Committee.
On Conversion to Public Companies there is lot of Compliance to be made Hence people hesitate to convert to public Co.
On Conversion to Public Companies there is lot of Compliance to be made Hence people hesitate to convert to public Co.
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