plz tell

Tax queries 606 views 3 replies

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 

Replies (3)

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...........

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....

The private company must first amend its articles.. to convert itself into a public company by deleting the limiting clauses....


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register