1.

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 toincrease its production turnover. The expansion plan will necessiate setting up of a newfactory. In order to meet, its increased financial needs the management of the companyhas decided to 'go public' that is to change the form of business from a private limitedcompany to a public limited company.(a) Why do you think the management of the company has decided to convert thecompany into a public limited company?(b) State any four privileges that it now enjoys as a private limited company over publiclimited companyVuonnor​

Answer»

(a) in ORDER to MEET it's INCREASED FINANCIAL NEEDS



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