The Ministry of Corporate Affairs (“MCA”) vide its notification dated January 25, 2021, has amended Rule 41 of the Companies (Incorporation) Rules, 2014 (“Rules”).
The notification has amended Rule 41 of the Rules which relates to the conversion of a public company into a private company (“Amendment”).
As per Rule 41 of the Rules, a company which desires to convert itself from public company to private company shall file an application with the Regional Director in e-Form No.
RD-1 within 60 days of passing a special resolution for such conversion in a duly convened meeting along with the prescribed documents.
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