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of <h1>Stakeholders Face Filing Challenges for Form INC-27; Companies Act, 1956 Provisions to Continue Until Further Notice.</h1> The Ministry of Corporate Affairs has addressed issues faced by stakeholders in filing form INC-27 for converting a public company into a private company under the Companies Act, 2013. Since the relevant provisions of the 2013 Act are not yet notified, the provisions of the Companies Act, 1956 will continue to apply. The Registrar of Companies retains delegated authority to process these applications as per the 1956 Act, following a notification from July 2012. This directive is issued with the approval of the Competent Authority.
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