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Procedure for conversion of a Public Company into a Private Company

Following steps are to be followed for the purpose :

  • Pass Special Resolution for the purpose of inserting the Four Restrictions as given in Section 3(1)(iii) in the articles
  • Pass Special Resolution for adding the word “Private” at the end of the name of the Company
  • Within 3 months of alteration of articles, apply to Central Government for obtaining its approval
  • Within 1 month of receipt of approval of Central Government, file with registrar an amended copy of the articles

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