Conversion to a Private Company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 January 2011
Is the consent of the statutory auditor required in the course of the conversion of a public company to a private company ?
What about consent from banks if limits sanctioned by the Banks but no balance outstanding ?
What about consent from banks if limits sanctioned by the Banks but no balance outstanding ?
udit sharma
(Expert)
21 January 2011
No consent is required from either but an intimation of the same must be given to both.
God Bless
CS Udit Sharma
God Bless
CS Udit Sharma
Jayashree S Iyer
(Expert)
21 January 2011
Agree with the expert. No consent is required.
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