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STEP INVOLVED IN CONVERTING PUBLIC COMPANY TO PRIVATE

Sr. No. Steps Actions
1 Board Meeting
  • To discuss and approve proposal of conversion of the Public company into a Private company.
  • To grant authority to director to take necessary action.
  • To decide place, venue, time of general Meeting & to approve notice calling General Meeting
2 Notice of General meeting Give 21 days’ clear notice for the General Meeting proposing the Special Resolutions with suitable Explanatory Statement. Section 101 & Section 102 of the Companies Act 2013
3 Filing of Special Resolution with ROC in E-form MGT-14 File Form No. MGT-14 within 30 days of passing of the resolution
Attachments

  • Notice calling General Meeting
  • CTC of the Special resolution
  • Altered AOA
  • Altered MOA
4 Filing of INC-27 with ROC File Form INC-27 with ROC after approval of MGT-14.Attachments

  • Minutes of the General Meeting:
  • Notice calling General Meeting
  • Altered AOA

- See more at: http://taxguru.in/company-law/procedure-convert-public-company-private-company.html#sthash.yyJJhRZz.dpuf

STEP INVOLVED IN CONVERTING PUBLIC COMPANY TO PRIVATE

Sr. No. Steps Actions
1 Board Meeting
  • To discuss and approve proposal of conversion of the Public company into a Private company.
  • To grant authority to director to take necessary action.
  • To decide place, venue, time of general Meeting & to approve notice calling General Meeting
2 Notice of General meeting Give 21 days’ clear notice for the General Meeting proposing the Special Resolutions with suitable Explanatory Statement. Section 101 & Section 102 of the Companies Act 2013
3 Filing of Special Resolution with ROC in E-form MGT-14 File Form No. MGT-14 within 30 days of passing of the resolution
Attachments

  • Notice calling General Meeting
  • CTC of the Special resolution
  • Altered AOA
  • Altered MOA
4 Filing of INC-27 with ROC File Form INC-27 with ROC after approval of MGT-14.Attachments

  • Minutes of the General Meeting:
  • Notice calling General Meeting
  • Altered AOA

- See more at: http://taxguru.in/company-law/procedure-convert-public-company-private-company.html#sthash.yyJJhRZz.dpuf

STEP INVOLVED IN CONVERTING PUBLIC COMPANY TO PRIVATE

Sr. No.

Steps

Actions

1

Board Meeting

  • To discuss and approve proposal of conversion of the Public company into a Private company.
  • To grant authority to director to take necessary action.
  • To decide place, venue, time of general Meeting & to approve notice calling General Meeting

2

Notice of General meeting

Give 21 days’ clear notice for the General Meeting proposing the Special Resolutions with suitable Explanatory Statement. Section 101 & Section 102 of the Companies Act 2013

3

Filing of Special Resolution with ROC in E-form MGT-14

File Form No. MGT-14 within 30 days of passing of the resolution
Attachments

  • Notice calling General Meeting
  • CTC of the Special resolution
  • Altered AOA
  • Altered MOA

4

Filing of INC-27 with ROC

File Form INC-27 with ROC after approval of MGT-14.Attachments

  • Minutes of the General Meeting:
  • Notice calling General Meeting
  • Altered AOA