By taking the following steps, a public company can be converted into a private company: 1. Alteration of Articles of Association 2. The Consent of Central Government 3. To File an Altered Copy of Articles with the Registrar. 1. Alteration of Articles of Association: The Articles of Association of the public company should be altered by passing a special resolution [...]
This article will help you to learn about the difference between a government and a non-government company. Difference between Government Company and Non-Government Company Government Company 1. Ownership of Capital: Not less than 51% of the share capital is held by the Central Governments and/or one or more state Governments. 2. Auditing of Accounts: The accounts of Government companies are [...]
After reading this article you will learn about the advantages and disadvantages of joint stock company. Advantages of a Joint Stock Company: The advantages of forming a company rather than carrying on partnership business are as follows: 1. Large Capital: The outstanding advantage is that it allows vast mobilization of capital which otherwise is not possible to arrange. In a [...]