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conversion of a pvt ltd company into a public ltd company

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2009 A pvt ltd co is going for private placement of its shares.Will the status of the company change only if after the private placement the number of members increases beyond 50
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
14 December 2009 A private company doesnot get converted into a public company merely by inreasing the number of members beyond 50. It has to follow the procedure for conversion into a public limited company.
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Ankur Garg

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Ankur Garg (Expert)
14 December 2009 If you cross the limit of 50 members then ROC will treat your company as a public company.

Refer section 43 of companies act, 1956.

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