Public to a private limited company
The board meeting is called for the conversion
The special resolution is drafted in the meeting and the changes are proposed in MOA and AOA.
The date of the Extra ordinary meeting is decided and every member is intimated about the same
The date and notice about the EGM is issued to every member if the company.
In an EGM approval of the conversion takes place and the special resolution is passed. Every shareholder of the company has a say for their vote about the same.
There are various forms that need to be filled for the conversion of the Public to the Private limited company which are then submitted to the ROC.
The total process takes 30 days during which the articles of association as well as the Memorandum of Association are approved and the conversion is made.