https://www.taxtmi.com/caselaws?id=344733 The court interpreted Section 14 of the Companies Act, 2013, emphasizing the need for Tribunal approval to convert a public company to a private one. The Ministry of Corporate Affairs Notification suspended old provisions, making Rule 33 redundant. Compliance with Rule 68 of the NCLT Rules was pivotal for the conversion, ensuring alignment with legal requirements. Considering the company's history, shareholder structure, and creditor no-objection, the court granted permission for the conversion, directing the petitioner to effect the changes without costs, in line with the Companies Act, 2013. en-us Mon, 22 May 2017 00:00:00 +0530 Wed, 28 Jun 2017 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344733 The court interpreted Section 14 of the Companies Act, 2013, emphasizing the need for Tribunal approval to convert a public company to a private one. The Ministry of Corporate Affairs Notification suspended old provisions, making Rule 33 redundant. Compliance with Rule 68 of the NCLT Rules was pivotal for the conversion, ensuring alignment with legal requirements. Considering the company's history, shareholder structure, and creditor no-objection, the court granted permission for the conversion, directing the petitioner to effect the changes without costs, in line with the Companies Act, 2013. Case-Laws Companies Law Mon, 22 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344733