Conversion of Limited Company into Private Limited Company

The recent amendment of the Companies (Incorporation) Rules, 2014, has shifted the powers for the conversion of limited company into private limited company. While in the past the process was approved by the NCLT (National Company Law Tribunal), it is now under the discretion of the Regional Director. The move is aimed at facilitating the Tribunal to focus more on insolvency cases and the speedy resolution of distress companies. In this article, we look at the procedure for conversion of limited company into private limited company.

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