Multiple choice

Central government permission is required in case of _____ conversion of a company.

  1. private to public

  2. public to private

  3. Both (1) and (2)

  4. None of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As conversion of a public company into a private company involves alteration of 'Articles of Association' of a public company, so central government's permission is required in case of conversion of a public company into a private company.