Statutory General Meeting
This query is : Resolved
03 October 2009
can anybody plz tell me that if a private co. converts it self into public co. (ltd. by shares), does it require to hold Statutiry General Meeting?
03 October 2009
Hi,
If such private company converts itself in to public company with in 6 months of incorporation as a private company then section 165 is applicable to your case and you have to convene statutory meeting.
In other words if your private company convert itself in to public company after 1 year of incorporation then section 165 is not applicable.
Regards
If such private company converts itself in to public company with in 6 months of incorporation as a private company then section 165 is applicable to your case and you have to convene statutory meeting.
In other words if your private company convert itself in to public company after 1 year of incorporation then section 165 is not applicable.
Regards
03 October 2009
No a private ltd. company which is converted into a public ltd. company is not required to hold statutory meeting.
Following cos. shall convene and hold statutory meeting:
1. public co. ltd by shares
2. public co. limited by guarantee and having share capital
Therefore a private ltd. company which is converted into a public ltd. company is not required to hold statutory meeting
Following cos. shall convene and hold statutory meeting:
1. public co. ltd by shares
2. public co. limited by guarantee and having share capital
Therefore a private ltd. company which is converted into a public ltd. company is not required to hold statutory meeting
03 October 2009
Time factor is also imp.
Accordingly if your private company converts itself in to public company within 2 month of incorporation then section 165 is applicable and you have to convene statutory GM.
Accordingly if your private company converts itself in to public company within 2 month of incorporation then section 165 is applicable and you have to convene statutory GM.
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