Compliances on conversion from private to public

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Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2011 HI All

My Company have recently been converted from Private to Public (Unlisted) with turnover of above 5 crore. Wanted to know what all legal compliances gets attracted as soon as the company gets converted, such as formation of Audit committee, Managing Director appointment, Applicability of section 293, etc. Further wihtin how many months such compliances have to be complied with, is there any time frame.

Happy new year to all of you.

DR GAURAV GUPTA FCA, FCS, LL.B

DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
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03 January 2011 no there is no time framework u have to do these formalities immidiately

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2011 Suppose the company take time to form a Audit Committee, say 3 -4 months what will be the consequences as per the law.

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