Conversion

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Prasad Muley

Prasad Muley (Querist)
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10 July 2014 what is the procedure of conversion of public company into private as per CA 2013

Hitendra Jain

Hitendra Jain (Expert)
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11 July 2014 (1) Call Board Meeting and accord approval of the proposal for conversion and calling a General Meeting.
(2) Give 23 or more days prior notice for calling General Meeting along with Explanatory Statement and Special Notice for Special Resolution at General Meeting.
(3) In General Meeting the proposal should be pass unanimously or without any dissension.
(4) An application for such conversion is to be filed with National Company Law Tribunal as prescribed in NCLT Rules 2014 in Form INC-27.
(5) Within 30 Days from General Meeting file Special Resolution and other detail with the Registrar.
(6) Apply fresh certificate of incorporation and file order of the tribunal, altered Article etc. with registrar within 15 days from the order of tribunal with registrar in Form INC-27.
(7) After receiving fresh Certificate of Incorporation insert word “Private” before word “Limited”.

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