Conversion of an unlisted public co.
This query is : Resolved
11 April 2011
Hi,
In the process of converting a closely held public co into pvt co., is the requirement of giving newspaper advertisement and obtaining no objection from creditors of more than 1 lac value applicable?????
thnx
In the process of converting a closely held public co into pvt co., is the requirement of giving newspaper advertisement and obtaining no objection from creditors of more than 1 lac value applicable?????
thnx
CS Jignesh Mistry
(Expert)
11 April 2011
hi, you can done away with advertisement by attaching a statement/declaration that "that 100% shareholding is held by X ltd hence no need to have public advertisement to that effect.
further, NOC from creditors is required, though not all. attached scan copy of certificate of posting from postal dept will suffice.
further, NOC from creditors is required, though not all. attached scan copy of certificate of posting from postal dept will suffice.
11 April 2011
sir one more thing i wantd to ask..i wud be obliged if u reply...
Do v have to handover the original certificate of incorporation to ROC...if v hve lost tht den??
Do v have to handover the original certificate of incorporation to ROC...if v hve lost tht den??
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