corporatisation
Anjana Chugh (Chartered Accountant) (73 Points)
25 February 2008
pls tell me wat is corporatisation and demutualisation?.....................
4 Replies
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 25 February 2008
Demutualisation refers to the conversion of a “not for-profit” organisation into a “for profit” company. It refers to the transition from “mutually-owned” association to a company “owned by shareholders”. Further, the company may choose to be a listed or an unlisted, closely held public company. The concept of Demutualisation can be applied to any “non-profit “organisation or association.
Corporatisation is nothing but giving an organisation a legal personality and perpetuity.
Corporatisation is nothing but giving an organisation a legal personality and perpetuity.
pushpendra
(Director- FinMAT Consultants)
(1698 Points)
Replied 26 February 2008
Thanks for good answer
Vijay
(CA)
(254 Points)
Replied 26 February 2008
Hi Srinivas
Thanks a lot for this knowledge updation.
Anjana Chugh
(Chartered Accountant)
(73 Points)
Replied 26 February 2008
thank you sir.............
but can u explain it a bit more in relation to securities contract act,1956 ............... section-2..........
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