What happen after proprietorship and partnership firms being converted into a public limited company?

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Key Facts

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• Also, proprietors have to maintain at least 50% ownership in the company.
• 1. Can a proprietary or partnership firm list on SME platform?
• 2. Is it mandatory for proprietorship and partnership firm to convert into a public limited company for SME IPO?
• 3. What happen after proprietorship and partnership firms being converted into a public limited company?
• 4. How to convert proprietorship/ partnership firms into a Public limited company?
• 5. What are the key SME exchange listing criteria for proprietorship or partnership firms?

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