As per companies act 2013, a private limited company is a company incorporated under this act or previous act having a restriction in articles for not transferring its shares to the public and the maximum number of members is not more than 200. Were as a public company is a company which is not a private company.
As per section 14 of the company’s act 2013, a company should alter its article for having the effect of conversion private to a public limited company. So private companies need t to alter its article and need to remove its restriction form article for being a public company along with fulfilling the criteria for being a public company.
For conversion of the company private to a public company need to follow provision led down under section 18 and 14 followed with rule 33 (incorporation) rules 2014
A prerequisite condition for being a public company
Under section 2 (62) of company act 2013 One Person company mean company incorporated under company’s act 2013 having only one person as a member. It is new form of business which is came into existence through companies act in year 2013. It is form of
As per companies act 2013, a private limited company is a company incorporated under this act or previous act having a restriction in articles for not transferring its shares to the public and the maximum number of members is not more than 200. Were as a
An alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership is known as limited liability Partnership (LLP). The LLP can continue its existence irrespective of changes in the partne
Company incorporated under companies act 2013 having following restriction in its articles: a. Restricts the rights to transfer its share b. Except in case of OPC, limits the number of its member to 200 Are known as private limited company Section 8 c
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