Conversion of private company into public company
This query is : Resolved
Piyush Jindal
(Querist)
15 October 2012
whether statutory meeting is mandatory if a private company is being converting into a public company.
Ajay Mishra
(Expert)
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.
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
(Querist)
16 October 2012
what if a private company is converted in public company with in six months of its incorporation.
Ajay Mishra
(Expert)
16 October 2012
Then also no need to hold statutory meeting.
deepali agarwal
(Expert)
16 October 2012
Agree with mr. ajay mishra sir...
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