Dear all...
I need clarification regarding the following 2 issues..
1. We have a client who is already a private limited company. We are now planning to form a group company (which is going to be public company) under which the existing private company and some 5 more private companies are going to be formed (all in different fields). Suggest me which option is the best from the following to proceed with the same:
a) Convert the existing private limited company into a private group limited company and form new subsidiaries.
b) Form a new Group limited company which ll take over the existing private company and other new companies to be formed as subsidiaries.
Pls help me in this regard and also let me know how long it ll take to form a new public company and conversion of private limited into public...
Thanks for your help.
CAclubindia
