Public Limited Company To Private Limited Company

 

Public Limited Company To Private Limited Company

The Conversion of Public Company into Private Company is mentioned in the Companies Act, 2013, and Incorporation of Companies Rules, 2014. The Private Company has less compliance as compared to Public Company to be followed under the Companies Act, 2013. The need for less compliance leads to increase Conversion of Public Company into Private Company. Before coming of the Companies Act, 2013, the National Company Law Tribunal (NCLT) has the power for the Conversion of Public Company into Private Company. After certain amendments in the Companies Act, 2013 Conversion Procedures of Public Company into Private Company are now associated with it. In this article, we will go through the provisions and procedure related to the Conversion of Public Company into Private Company. 

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