Conversion of firm into company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2013 Any body would you tel me ,
in case of conversion of a firm in to the private company how many members required .
actually , in case of general registration only 2 members is enough . but according to the part9 of companies act,1956 required 7 members .
why it makes the difference

Ajay Mishra

Ajay Mishra (Expert)
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20 June 2013 Hi

Go to the my article it will help you:

https://www.caclubindia.com/articles/details.asp?mod_id=16345

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2013 Hi sir, thanks for your reply ,
but you did not mention the minimum no.of persons required in your article will you clearly explain me?

Ajay Mishra

Ajay Mishra (Expert)
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21 June 2013 For public limited company you will have minimum 7 members and in case of private limited company you will maintain minimum shareholder up to 2.

If you want to maintain 2 members then it will be enough.