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2019 (9) TMI 995 - Tri - Companies LawConversion of the Company from Public Limited to Private Limited Company - Change of name from “Sri Narasimha Cotton Press Company Limited” to “Sri Narasimha Cotton Press Company Private Limited” by addition of the word “Private” before the word “Limited” - HELD THAT:- Since all the requisite statutory compliance having been fulfilled, the conversion of the status of the Company from “Public Limited” to “Private Limited” as per Special Resolution passed at the AGM on 30.09.2017 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 of the creditors of the Petitioner Company. The Petitioner is hereby directed to file with the Registrar of Companies, Andhra Pradesh, a certified copy of the order of this Bench in the prescribed e-Form together with a printed copy of the altered MoA and AoA with requisite fee within a period of 15 days in terms of the provisions of Section (2) of Section 14 of the Companies Act, 2013, read with Rule 161, of NCLT, 2016. Petition allowed.
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