Question

Climax India Pvt. Ltd. was formed as a private company by a group of five friends. Their business has grown considerably over the years. Now they want to expand their business and for this, they need more funds. They are planning to convert their company into a public company and raise more funds through the issue of shares. Mention any five privileges that the company will have to forgo as a private company after conversion.
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Answer 1

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Answer 2

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