Public Limited Company to Private Limited Company
"Change your strategy, Create new Brand"
In a private limited company, all business profits and liabilities belong to the company itself and stakeholders may not be responsible for debts incurred by the company.
*Professional fee only.
HERE'S HOW IT WORKS
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As per section 14 of the Companies Act, 2013 a public company may convert itself into a private company by taking approval of members by way of passing a special resolution in the General Meeting and by taking the approval of the Central Government on an application made in such form and manner as may be prescribed.
Government companies can be converted into private companies by withdrawal of the government from ownership and management of public sector companies.
The public company's shares are purchased at a premium by the investors buying the company. The company is delisted from the stock exchange where its shares formerly traded.