Question

Company should file a prospectus in case of conversion of private company into a public company with in _________ from the date of resolution passed

• A. 30 days
• B. 45 days
• C. 60 days
• D. None of the above

Answer 1

The correct option is A 30 days

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 prospecting stating th material facts within thirty days from the date of passing of the resolution for the same.