Conversion of a Private Limited Company to a Public Limited

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Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2010 What are the additional compliance requirements that a company has to follow once it gets converted to a public limited company?

Why do some companies hesitate to convert their private limited company into a public limited company?

Jagruti (CS)

Jagruti (CS) (Expert)
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04 January 2010 All Section which were applicable to Public Company only need to be complied instance Section 293, 300, 295, 372A, & others. Also if paid up capital more than 5 crore, 292A i.e. constitution of Audit Committee.

On Conversion to Public Companies there is lot of Compliance to be made Hence people hesitate to convert to public Co.

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