Public company has many regulatory compliance and can accept deposits from public at large and have no restriction on capital and can have unrestricted turnover. If any company does not have vast business and does not have any deposits from public or any statutory due and creditors due and want to have less regulatory compliance then such company can avail the option to convert itself into private limited company .
The following are the key points for consideration of conversion of public company to private company :
Depending on requirement, a type of company is chosen to be register. However, the main reason for selecting a private company is to enjoy the less compliance part.
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