Conversion of public company into private company or private company into public company
- eForm INC-27 is required to be filed pursuant to section 14 of the Companies Act, 2013 and rule 33 of Companies (Incorporation) Rules, 2014
- Whenever an existing company needs to change its status from private to public or vice versa, it shall be required to file this eForm. For the purpose of conversion from private company to public company, a private company is required to pass special resolution and file an intimation of its conversion in eForm INC-27. A Public company can also get itself converted into a private company by filing eForm INC-27 subject to passing of the special resolution and approval of the competent authority.
- Describe the reason for conversion.
- Enter particulars of eForm MG-.14 filed for registration of resolution. Ensure that altered
- Memorandum and articles of association is filed as an attachment to eForm MGT-14, as applicable.
- Enter the details of number of members and number of shares held by them. In case of companies not having share capital, zero may be entered as number of shares held.
- It is mandatory to attach Minutes of the member’s meeting where approval was given for conversion and altered articles of association.
- It is mandatory to attach order of competent authority in case of conversion from public company to private company
- It is also mandatory to attach certified copy of order for condonation of delay in case it is filed after due date of filing;
Fresh Certificate of incorporation consequent upon conversion from public company to private company or vice versa is generated and sent to the user as an attachment to the email
|Nominal Share Capital||Fee applicable|
|Less than 1,00,000||Rupees 200|
|1,00,000 to 4,99,999||Rupees 300|
|5,00,000 to 24,99,999||Rupees 400|
|25,00,000 to 99,99,999||Rupees 500|
|1,00,00,000 or more||Rupees 600|
Fee (in case of company not having share capital)
Please note: I welcome your comments and feedback. This blog post is not a professional advice. Readers may share this post on social media by using buttons given here.
Pingback: Index of Companies Law Posts | AishMGhrana