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2018 (10) TMI 1381 - NATIONAL COMPANY LAW TRIBUNAL, KOLKATAConversion of the status of the company - Seeking approval to the conversion by altering the Articles of Association - Special Resolution passed at the Extraordinary General Meeting (EOGM) for the change of status of the Company from “Public Limited Company” to “Private Limited Company” - Held that:- Since all the requisite statutory compliance has been fulfilled, the conversion of the status of the company from “Public Limited” to “Private Limited” as per Special Resolution passed at the EOGM held on 27.01.2017 is hereby approved in the interest of the company and such change of status of the company shall not cause any prejudice either to the members or the creditors of the petitioner company. The Petitioner shall, however, remain bound to comply with the statutory requirements in accordance with law. The Petitioner is hereby directed to file with the Registrar of Companies, West Bengal, a certified copy of the order of this Tribunal in the prescribed e-form together with a printed copy of the altered Articles of Association accompanied by requisite fee, within a period of 15 days in terms of the provision of sub-section (2) of Section 14 of the Companies Act, 2013, read with Rule 161, of NCLT Rules, 2016.
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