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Conversion of a company limited by guarantee into a company limited by shares

Rule 39 - Companies (Incorporation) Rules, 2014. - Companies Law - Rule 39 - 1[39. (1) A company other than a company registered under section 25 of the Companies Act, 1956 or section 8 of the Companies Act, 2013 may convert itself into a company limited by shares. (1) The company seeking conversion shall have a share capital equivalent to the guarantee amount. (2) A special resolution is passed by its members authorising such a conversion omitting the guarantee clause in its Memorandum of Assoc .....

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