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      Question

      Company should file a prospectus in case of conversion

      of private company into a public company with in __________ from the date of resolution
      A 30 days Correct Answer Incorrect Answer
      B 45 days Correct Answer Incorrect Answer
      C 60 days Correct Answer Incorrect Answer
      D 75 days Correct Answer Incorrect Answer

      Solution

      As per Companies (Prospectus and Allotment of Securities) Rules, 2014, if there is conversion of a private company into public, there must be an issuance of prospectus stating the material facts within thirty days from the date of passing of the resolution for the same.

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