banner_ad

Queries regarding conversion of public company into private

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 November 2011 Dear Freinds,

Please guide me on the following issues:-

Brief about Company:-

A Ltd is a Public Limited Company having 1000 shares (6 Promoters + others are public). It’s a NBFC Non-deposit taking Company. A Ltd. wants to convert itself into Private Limited Company.

Queries in the matter of conversion from Public Company into Private Company:-

1.What can be the purpose of conversion?

2.In Private Limited Company the limit of members can only be 50, so what we do if public shareholders are not willing to pay their stake at EGM?

3.What will be the price offered to the shareholders for giving exist opportunity?

4.Is there any legal issues can be raised after conversion

5.Any other authorities permission is required e.g. RBI.

6.Please advice me on the above mentioned issues alongwith practical example if any cited.


Thanks in advance

Shanky Budhiraja
Profile Image

RG - A Helping Hand

Profile Image

RG - A Helping Hand (Expert)
09 November 2011 Check this link:


https://www.caclubindia.com/articles/conversion-of-a-public-company-into-a-private-company-5710.asp
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
09 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details