Procedure for conversion of a Public Company into a Private Company

Following steps are to be followed for the purpose :

• Pass Special Resolution for the purpose of inserting the Four Restrictions as given in Section 3(1)(iii) in the articles
• Pass Special Resolution for adding the word “Private” at the end of the name of the Company
• Within 3 months of alteration of articles, apply to Central Government for obtaining its approval
• Within 1 month of receipt of approval of Central Government, file with registrar an amended copy of the articles