Question

Toffee Private Limited is a well – known company dealing in pet food and accessories. Keeping in the view the growing demand for its products the company has decided to increase its productions turnover. The expansion plan will necessitate setting up of a new factory. In order to meet, it’s 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.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.​

Answer 1

Answer:

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