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shushantsinghal (BCOM(HONS),C.A) (283 Points)

25 May 2010

ONE OUR CLIENT A PRIVATE LIMITED COMPANY WANT TO BE A LISTED COMPANY......SO WHAT ARE THE PROCEDURE FOR LISTING ON STOCK EXCHANGE .....WHETHER A PVT LTD COMPANY CAN LISTED ON STOCK EXCHANGE....WAT ARE THE CRITERIA.......PLZ HELP

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CA LOVELY ARORA (C.A. B.Com (H) Graduate) (2151 Points)
Replied 25 May 2010

private limited company can never get listed on any of stock exchange......... as being listed means the company is inviting public for purchasing its shares.......... which is the restriction set out on private limited companies in its AOA u/s 3(1)(iii) of the Companies Act, 1956...........

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shushantsinghal (BCOM(HONS),C.A) (283 Points)
Replied 25 May 2010

thanks for telling .....

but i also know the same restriction provided u/s 3i(iii) of company act.....but how can a private limited can list on exchange......mean to say private limited need to be dissolve first then form a public limited company.....plz need reply on same....