https://www.taxtmi.com/caselaws?id=342528 The National Company Law Tribunal (NCLT) allowed the conversion of a company from public to private under the Companies Act, 2013. The judgment emphasized compliance with Section 14 and Rule 68 of NCLT Rules, 2016, stating that the conversion was in the company's interest and did not prejudice stakeholders. The petitioner was directed to alter its articles within 15 days and notify the Registrar. The Tribunal highlighted the legal provisions governing such conversions, ensuring adherence to the law and benefiting the company without adverse effects on stakeholders. No costs were awarded, and the case was closed. en-us Fri, 24 Mar 2017 00:00:00 +0530 Sat, 06 May 2017 08:24:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342528 The National Company Law Tribunal (NCLT) allowed the conversion of a company from public to private under the Companies Act, 2013. The judgment emphasized compliance with Section 14 and Rule 68 of NCLT Rules, 2016, stating that the conversion was in the company's interest and did not prejudice stakeholders. The petitioner was directed to alter its articles within 15 days and notify the Registrar. The Tribunal highlighted the legal provisions governing such conversions, ensuring adherence to the law and benefiting the company without adverse effects on stakeholders. No costs were awarded, and the case was closed. Case-Laws Companies Law Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342528