How can a public limited company company convert to private limited company if it has over 800 shareholders and shareholders are not responding to company offer to buyback shares and there is noncommunication with shareholders?
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Public limited to private limited conversion
Replies (4)
If 51 % shears has to be arriving one person then make sure to pvt. ltd. company
Please clarify. Do you mean if a single shareholder has over 51% shares then company can be converted to private limited?
In such case you cant convert. To convert need to reduce member below 200.
Because with this No. of members you cant convert into Private.
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