Can a public limited company be converted to private limited if it has over 500 shareholders but the shareholders are untraceable/ unresponsive?
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8497 Points)
Replied 03 April 2025
2. *Reducing Share Capital*: The company must reduce its share capital to less than ₹5 crores.
the company can take the following
2. *File Form INC-27*: File Form INC-27 with the ROC, applying for the conversion.
3. *Obtain ROC Approval*: Obtain approval from the ROC for the conversion. Conclusion:
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