Conversion of public limited company into private limited company
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/ Published on :
16-Sep-2017 05:42 AM / View :
308 / Comment :
I request you to kindly read the below and clarify the same.
One of our group companies which got delisted last year and in dissemination board now. Meanwhile we have decided to convert this public company to private company. This company has more than 200 members and for conversion we need NCLT approval.
My doubt here is how can a public company having more than 200 members can reduce for converting it to private?
Is the cap of 200 members is to be followed for formation of private company or for conversion also?
If reducing numbers to 200 is mandatory what mode can we adopt to reduce it to 200?
It would be of great help if you clarify this.
Iswarya Read more on :
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