subject: PRIVILEGES ENJOYED BY PRIVATE COMPANY-New amendments [print this page] 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
