Question

Toffee Private Limited is a well-known company dealing in pet food and accessories.
Keeping in view the growing demand for its products the company has decided to
increase its production turnover. The expansion plan will necessiate setting up of a new
factory. In order to meet, its increased financial needs the management of the company
has decided to 'go public' that is to change the form of business from a private limited
company to a public limited company.
(a) Why do you think the management of the company has decided to convert the
company into a public limited company?
(b) State any four privileges that it now enjoys as a private limited company over public
limited company
Vuonnor​

Answer 1

Answer:

(a) in order to meet it's increased financial needs