04-29-2007, 05:22 PM
Very good question YES it definitely need to obtain Trading Certificate upon conversion...actually one company (A public One) can start its business without invitably after the issuance of trading certificate it can even start its business even upon issuance of Certificate of Incorporation but for all the transactions held by directors of such company(piblic) the company(public) will not be liable to reimburse her(company's)directors that is the company can repudiate to pay her directors for tracsaction done by them(directors)..and director of such company can't claim for damages from company because she(public company) is already trading without issuance of trading certificate....
Regards
Muhammad Amir
Regards
Muhammad Amir