Conversion of public co. into private co.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 December 2011 dear sir/madam

pls let me knw that for converting public co. into pvt co. do i need to take spl resolution u/s 21& 31 in EGM???? i have to conduct EGM for this matter???

pls do rly.......

thanks

regards

miss tanveer ahuja

Aditya Maheshwari

Aditya Maheshwari (Expert)

22 December 2011 see this link
https://www.caclubindia.com/articles/conversion-of-a-public-company-into-a-private-company-5710.asp
and this link
https://www.caclubindia.com/forum/conversion-of-public-company-not-listed-into-private-117880.asp

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CS Mitesh Mehta

CS Mitesh Mehta (Expert)

22 December 2011 Yes,

For conversion of the company into a private company, you have to alter the articles to insert therein the four conditions specified in section 3(1)(iii)and you have to change the name of the company, so as to insert the word 'Private' in the company's name before the word 'Limited'.

For that you have to call an EGM and pass a Special Resolution.

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