Government approval required for converting a public company into a private company; pending Tribunal applications remain on existing track. Any alteration effecting conversion of a public company into a private company is invalid unless approved by a Government order on an application in the prescribed form and manner; pending applications before the Tribunal at the commencement of the amending Ordinance must be disposed of by the Tribunal under the earlier applicable provisions, and the subsequent sub-section replaces the adjudicatory body's reference with a reference to the Government.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Government approval required for converting a public company into a private company; pending Tribunal applications remain on existing track.
Any alteration effecting conversion of a public company into a private company is invalid unless approved by a Government order on an application in the prescribed form and manner; pending applications before the Tribunal at the commencement of the amending Ordinance must be disposed of by the Tribunal under the earlier applicable provisions, and the subsequent sub-section replaces the adjudicatory body's reference with a reference to the Government.
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