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NCLT allows conversion of public co. into private co. as it had complied with provisions of alteration of AOA

January 20, 2017[2017] 78 90 (NCLT - Mum.)/[2017] 139 SCL 502 (NCLT - Mum.)/[2017] 203 COMP CASE 619 (NCLT - Mum.)

CL : Where conversion of a public company into private company with a view to comply efficiently with provisions of Companies Act was not prejudicial either to its members or to creditors and provisions of section 14, read with rule 68 of NCLT Rules were complied with, said conversion was to be allowed

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