The companies act 1956 under the provision of section 43(A) of deemed public company is converted into a private company. The conversion of private company into public company may be either automatic or there may be any positive and true reasons for the modification.The difference between public company and private company in the matter of flotations. Because a private company those who form they do certainly also float, but no such floatation is available in case of a public limited company.
In the case of a public limited company the last word of the name company with Limited and with in the case of a private limited company as the last words of the name is “Private Limited“. The registration of a company has both private limited company and public limited company is registered and conversion of private limited company into a registration of public limited company their names in Chennai.The minimum member of a private limited company is two and the public company has three members of a company.
The section (43) and (44) of the companies act 1956 to provide various circumstances by which a private company can be converted into a public company. In such case the privileges and exemptions enjoyed by private companies.
The companies act 1956 of the section 14 is the important section where the conversion of private company into a public limited company. The various circumstances under the companies act 1956 was as follows:
The Companies Act, 2013 brought significant changes to corporate laws in India, including the introduction…
A virtual accountant is like a digital accountant who works online. Instead of being physically…
A private limited company is a type of business structure that offers limited liability protection…
The Goods and Services Tax (GST) registration limit in India has been a subject of…
Investing in a private limited company in Chennai, India, involves a series of steps and…
Calculating aggregate turnover for Goods and Services Tax (GST) registration is a crucial step for…