Construction industry is one of the top industries for the start-ups as in however it is also having one of the highest rates of failure.
LLP (Limited Liability Partnership) is a partnership firm that has all the features just like a ‘company’. It is just like a partnership firm in
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A conversion of Private Limited Company into Public Limited Company could be done with a view of enlarge the business concern. This conversion is preferred by my private limited companies for raising more funds from the market on lower cost in compare to loans from financial institutions. The company can raise funds by issuing of IPO and can accept deposits.
A Private company can be converted in to public company by complying with the following requirements:
The company becomes public from the date of passing Special Resolution under Section 14. But the change in its name, by deleting the word ‘Private’ becomes effective only on the issue of fresh certificate of incorporation by the Registrar of companies.
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Raising capital from IPO: A Public Limited Company can raise funds through Public Issues. If a company is listed on stock market it can raise funds through many other sources such as Mutual funds and Investors.
Share Transferability: Shares in public limited company is easily transferable in compare to private limited company. Any shareholder can sell its share at any time and raise money.
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