Reconversion into private company in the event of shareholding getting reduced to less than 25 per cent of paid up share capital and average annual turnover falling below Rs. 1 crore

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..../21/75&#8209;CL&#8209;III, Dated:- 20-10-1975 Circular<br>Companies Law<br>Letter : No. 32/21/75&#8209;CL&#8209;III, dated 20&#8209;10&#8209;1975. Subject:- Reconversion into private company in the e....

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....ted period of 3 months. On the private company's disposing of the shares of the public company so as to reduce the percentage of its holding to less than 25 per cent of the paid&#8209;up share capital....