How to covert private limited company into public limited company?

According to Section 231 and 232 of the Companies Act 1994 a private limited company may convert into public limited company by fulfilling conditions as mentioned below :

How a company is incorporated?

The promoters or the sponsors take the initiatives to incorporate a company under the Companies Act.  A three stage process is taking place in regard to incorporate of a company, such as 1. Promotion 2. Incorporation/Registration and 3. commencement of business.

What is Notice of Abandon?

Notice of abandon is a formal notice of relinquishment or unconditional surrender of all rights to a property, cargo, or ship by its insured owner to the insurer in the event of a constructive total loss.

What is Fire Insurance?

A Contract of fire insurance includes a contract that insures the property therein described against loss or damage by fire and against loss or damage from other hazards that may be insured under a license to transact fire insurance. 

Type of Company

To formalize your organization, first learn about and decide which business type is right for you. There are different types of company such as:

1. Private Company limited by shares

2. Public Company limited by shares

3. Company limited by Guarantee

4. Unlimited Company

Why a Company is Incorporated?

To prevent the mischief arising from large trading undertaking being carried on by large fluctuating bodies, so that persons dealing with them would not know with whom they are contracting and so might be put to great difficulty and expanse. This was a public mischief to be redressed. One difficulty relating to unincorporated bodies was regarding the power to sue or be sued. The second and most important disadvantage of the absence of incorporation was that members could not limit their liability.

Types of Meetings of the Company

The company has been conducted different types of meetings for different purpose conducting by different group of management body of the company. The following meeting has been conducted of the company: