Concept of “public interest” on the basis of which turnover is made a factor for converting private company into public company in terms of sub section (1A)

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....9;CL&#8209;II, Dated:- 13-5-1975 Circular Dated:- 13-5-1975 Circular<br>Companies Law<br>Letter : No. 7/9/74&#8209;CL&#8209;II, dated 13&#8209;5&#8209;1975. Subject:- Concept of "public interest" o....

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....interest. This is an outmoded concept of public interest in a company. Public interest is to be determined also on the basis of the interest of creditors, consumers, employees and the State in the und....