TaxTMI 
TaxTMI 
Dear All,
kindly provide any notification regarding name change from Limited Company to Private limited company.what is applicability for limited company and Private limited company,
Thanks in advace
Pradip Sirsat
Limited company to Private limited company
09 Feb 2015 
7 Replies 
1605 Views Asked by
Guest 
Conversion to private limited company reduces corporate compliance and can provide tax and governance advantages.
Conversion from a public (Limited) company to a private limited company is undertaken to alter regulatory and fiscal obligations: it yields tax benefits (including exemptions from certain surcharges and dividend distribution tax where applicable), reduces disclosure and governance compliance, limits government intervention, and simplifies management and winding-up. Audit and other statutory requirements for the private form apply only when specific financial or contribution thresholds are crossed; the precise motive for conversion must be confirmed from the company and relevant statutory notifications. (AI Summary)
Conversion from a public (Limited) company to a private limited company is undertaken to alter regulatory and fiscal obligations: it yields tax benefits (including exemptions from certain surcharges and dividend distribution tax where applicable), reduces disclosure and governance compliance, limits government intervention, and simplifies management and winding-up. Audit and other statutory requirements for the private form apply only when specific financial or contribution thresholds are crossed; the precise motive for conversion must be confirmed from the company and relevant statutory notifications. (AI Summary)