Concept of “public interest” on the basis of which turnover is made a factor for converting private company into public company in terms of sub‑section (1A)

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..... asis of which turnover is made a factor for converting private company into public company in terms of sub ‑ section (1A) It has been noticed that the term public interest in companies is being given a restricted meaning to cover only shareholdings of public institutions or the Government. Thus, a private limited company or a closely‑held company is said to involve no public int .....

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