Question
Which section of the Companies Act delas with the
provision of conversion of companies already registered?Solution
Section 18: Conversion of companies already registered This section explicitly provides the mechanism for a company of one class  (e.g., Private Limited) to convert itself into a company of another class (e.g., Public Limited) by altering its Memorandum and Articles of Association. Â
- Key Provision: Upon compliance with the requirements, the Registrar issues a new Certificate of Incorporation, but this conversion does not affect any debts, liabilities, or obligations incurred by the company before the conversion. Â
Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
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