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coversion
process for conversion of a public company into a private company
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No such provision exists under the companies act 2013 for conversion of a public company in to private, however only by special resolution, a public company may be converted into a private company provided that the company
- stops transfer of Share.
- limit the members upto 200.
- prohibit invitation to general public for buying its share.
And for this, the company has to take approval from GOVT OF INDIA for such conversion.
- stops transfer of Share.
- limit the members upto 200.
- prohibit invitation to general public for buying its share.
And for this, the company has to take approval from GOVT OF INDIA for such conversion.
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