: Good Looks Pvt. Ltd. was promoted in the year 2000 by a group of four friends. As business of the company has grown considerably over the years, its management is now planning to convert it into a public company and raise funds in next six months to finance its future expansion plans in health care business.
On the basis of the given information, answer the following questions:
(a) State any four privileges that the company will have to forgo as a private company after conversion.
(b) State any two values that should not be ignored by the promoters of this
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