General
Circular No.18, File No. MCA21/72/2014 – e-Gov., dated 11th June,
2014
Clarification
for filing of Form No. INC-27 for conversion of company from public to private
under the provisions of Companies Act, 2013-reg.
Attention of the Ministry has been
drawn to difficulties being faced by stakeholders while filing form INC-27 for
conversion of a public company into a private company. The relevant provisions
of Companies Act, 2013 (second proviso to sub-section (1) and sub-section (2)
of section 14) have not been notified. In view of this, the corresponding
provisions of Companies Act, 1956 (Proviso to sub-section (1) and sub-section
(2A) of Section 31) shall remain in force till corresponding provisions of Companies
Act, 2013 are notified. The Central Government has delegated such powers
under the Companies Act, 1956 to the Registrar of Companies (ROCs) vide item
No. (c) of the notification number S.O. 1538(E) dated the 10th July, 2012
and this delegated power remains in force. Applications for such
conversions, therefore, have to be filed and disposed as per the earlier
provisions.
2. This issues with the approval of
the Competent Authority.
.
.
.
0 comments:
Post a Comment