Conversion of private company into public company

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Piyush Jindal

Piyush Jindal (Querist)
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15 October 2012 whether statutory meeting is mandatory if a private company is being converting into a public company.

Ajay Mishra

Ajay Mishra (Expert)
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16 October 2012 Hi

No statutory meeting is not necessary for a private company converting into public company.

The following types of companies are required to convene and hold a statutory meeting in accordance with the provisions of section 165 of the Companies Act, 1956:—
(a) A public company limited by shares;
(b) A public company limited by guarantee and having a share capital;
Therefore, a private company and a private limited company, converted into public limited company is not required to hold statutory meeting.

Piyush Jindal

Piyush Jindal (Querist)
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16 October 2012 what if a private company is converted in public company with in six months of its incorporation.

Ajay Mishra

Ajay Mishra (Expert)
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16 October 2012 Then also no need to hold statutory meeting.

deepali agarwal

deepali agarwal (Expert)
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16 October 2012 Agree with mr. ajay mishra sir...

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