Conversion approval requirement for changing a public company to private now mandates a prescribed administrative order; pending cases follow prior procedure. Any alteration effecting conversion of a public company into a private company is invalid unless approved by an administrative order on an application in the prescribed form and manner; applications pending before the Tribunal at commencement are to be disposed by the Tribunal under pre amendment provisions; a related provision substitutes the adjudicative body reference with the administrative authority, transferring decision making competence for that subsection.
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.
Conversion approval requirement for changing a public company to private now mandates a prescribed administrative order; pending cases follow prior procedure.
Any alteration effecting conversion of a public company into a private company is invalid unless approved by an administrative order on an application in the prescribed form and manner; applications pending before the Tribunal at commencement are to be disposed by the Tribunal under pre amendment provisions; a related provision substitutes the adjudicative body reference with the administrative authority, transferring decision making competence for that subsection.
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