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Can a Private company u/s 25 converted to a public u/s 25

Others 996 views 3 replies

V HAMSAPRIYA

Operations and Finance Manager

52 Points Posted on 25 February 2010

Hi Forum Member,

We are interested to amend the MoA and AoA to convert an existing private company incorporated under section 25 to a public company under the same section.

This is to lift-up the restriction on the number of members currently which is limited to a 50 for pvt company.

Is this possible/allowed?

Regards,

Priya

Replies (3)

C A GROUP COACHING

COACHING

2487 Points Posted on 25 February 2010

In my Opinion NO you cannot convert a sec 25 co

Rasesh

CS CWA MBA (Fin) B.Com LL.B (Spl)

6501 Points Posted on 26 February 2010

In my view, it is possible. I am not aware of any reason as to why a company should not be allowed to convert itself into a public limited company only because it is a Sec. 25 Company.

Rasesh

CS CWA MBA (Fin) B.Com LL.B (Spl)

6501 Points Posted on 26 February 2010

In my view, it is possible. I am not aware of any reason as to why a company should not be allowed to convert itself into a public limited company only because it is a Sec. 25 Company.