PRIVILEGES ENJOYED BY PRIVATE COMPANY-New amendments

Private company may lose its privilege, When it fails to comply with the essential

requirements of a private company (Sec 3(1) (iii)) Discussed default complying with the said provisions shall disentitle a private company from the privileges and exemptions it is entitled to. The Companies act shall apply to such a company as if it were not private company (Sec43).

PRIVILEGES ENJOYED BY PRIVATE COMPANY-New amendments

By: DR.R.SRINIVASAN

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