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Under the first proviso to section 14(1) of the Companies Act, 2013, how is a private company treated…

Under the first proviso to section 14(1), a private company ceases to be private when it alters its articles so they no longer contain the section 2(68) restrictions and…

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Under the first proviso to section 14(1) of the Companies Act, 2013, how is a private company treated when it alters its articles so that they no longer contain the restrictions and limitations required by section 2(68)?

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Correct answer C

Under the first proviso to section 14(1), a private company ceases to be private when it alters its articles so they no longer contain the section 2(68) restrictions and limitations. Such an alteration does not make it a government company, One Person Company or foreign company. The statutory trigger concerns the altered articles.

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