A private company becomes public company by operation of law ........

Companies Act-Phase (I & II) Introduction to Company Act

A private company becomes public company by operation of law:

When not less than 25% of its paid-up capital is held by one or more public companies

When not less than 15% of its paid-up capital is held by another private company

When not less than 25% of its paid-up capital is held by one or more individuals

None of the above

In the following cases a private company becomes a public company by the operation of law:

When not less than 25% of its paid-up capital is held by one or more public companies
When average total turnover of the private company is not less than 25 crores rupees for three consecutive years
When private company holds not less than 25% of the paid-up share capital of a public company.
When private company invites or accepts deposit from public