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Under the first proviso to section 14(1) of the Companies Act, 2013, a private company ceases to be…

The first proviso to section 14(1) says that a private company which alters its articles so they no longer include the restrictions and limitations required under section…

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Under the first proviso to section 14(1) of the Companies Act, 2013, a private company ceases to be private from the date of which alteration?

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Correct answer B

The first proviso to section 14(1) says that a private company which alters its articles so they no longer include the restrictions and limitations required under section 2(68) ceases to be private from the date of that alteration. Changing its name, issuing bonus shares or appointing additional directors does not by itself satisfy that trigger.

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