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can we change nbfc to private ltd.

This query is : Resolved 
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(Querist)
01 October 2008 give me answer i want to know abt that can a nbfc could be changed into a pvt. ltd.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
01 October 2008 Provided that company does not have public holding and does not have public deposits and satisfies the conditions applicable to pvt ltd as per companies ACt.
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