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Conversion of pvt to public co :

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 November 2012 Conversion of Pvt to Public Co :


My client's authorized and paid up capital is Rs. 1 cr. i.e. it has already issued all the shares. Still is it required to file Statement in lieu of Prospectus in Form 62 ? Very Urgent
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Ajay Mishra

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Ajay Mishra (Expert)
22 November 2012 Hi

Yes, Statement of Lieu of Prospectus under section 44(2) of the Companies Act, 1956 is mandatory at the time of conversion of Company in Form-62.
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