Reversion to private company status: approval under section 43A(4) suffices; separate section 31(1) Central Government fee unnecessary. A company that became public by operation of the conversion provision may revert to private status by filing a single application to the Central Government under that conversion provision; no separate Central Government approval under the general articles-approval provision is required and therefore only one application fee is payable. Before applying, the company must ensure its articles meet private company requirements, reinserting any deleted clauses by a special resolution as a preparatory step to the conversion application.
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.
Reversion to private company status: approval under section 43A(4) suffices; separate section 31(1) Central Government fee unnecessary.
A company that became public by operation of the conversion provision may revert to private status by filing a single application to the Central Government under that conversion provision; no separate Central Government approval under the general articles-approval provision is required and therefore only one application fee is payable. Before applying, the company must ensure its articles meet private company requirements, reinserting any deleted clauses by a special resolution as a preparatory step to the conversion application.
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