New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    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.

    Practice Next