No. of a public limited company
Akshay
(Querist) 16 November 2013
This query is : Resolved
Dear Sir,
Please provide me with the solution of my query.
A company Which was a private limited company earlier, now turn to a public limited company. The company has 4 Shareholders And as per the companies act minimum requirement of members for a public company is 7.
My Question is...
how many time, company has to increase the no. of shareholders ?
prabhakar singh
(Expert) 16 November 2013
May i seek your permission to state that the problem posed in your mind is not clear.
A conversion of a company from private ltd. to public ltd.is not an ipso facto phenamena.
The existing entity has to go with exercise of passing resolutions, amendments in MOA/AOA etc complying with Act and applying
to ROC who issues COC OF BUSINESS once getting satisfied with statutory compliance.So unless conversion is sought with 7 share holders ,no COC of Business would be issued.And this is minimum number required with no maxima restrain is there.
It is pvt.ltd whose maxima is fixed as 50.
R.K Nanda
(Expert) 16 November 2013
academic query.
malipeddi jaggarao
(Expert) 17 November 2013
Academic query. But well advised by expert Mr.Prabhakar Singh.