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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Conversion Process for Guarantee to Share Companies Defined in Rule 39 of Companies Rules 2014; Excludes Section 8 Companies.</h1> Rule 39 of the Companies (Incorporation) Rules, 2014 outlines the procedure for converting a company limited by guarantee into a company limited by shares. This conversion is not applicable to companies registered under section 25 of the Companies Act, 1956, or section 8 of the Companies Act, 2013. The company must have share capital equal to the guarantee amount and pass a special resolution to amend its Memorandum and Articles of Association. The resolution and application must be filed with the Registrar of Companies within thirty days. Upon approval, the company receives a new certificate of incorporation.
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