01 April 2010
PVT LTD CO. CAN NOT LAUNCH IPO i.e., THAT IS THEY CAN ISSUE SHARES TO PUBLIC.
PLEASE SEE SEC 3(iii)(c)
IT SAYS PVT LTD CO MEANS A COMPANY WHICH BY ITS ARTICLE ----- prohibits any invitation to the public to subscribe for any shares in, or debentures of, the company.
01 April 2010
dear mr. sanjay gupta, thanks for the help. actually I have a new registered pvt ltd company and I want to launch an IPO. can I launch it now?
01 April 2010
I mean can I launch an IPO and it will be an ltd company. is it possible because company registration month is feb 2010? thanks for your help
CAclubindia
