Companies Act, 2017

PART-IV

CONVERSION OF A COMPANY OF ANY CLASS INTO A COMPANY OF OTHER CLASS AND RELATED MATTERS

Companies Act, 2017 PART-IV CONVERSION OF A COMPANY OF ANY CLASS INTO A COMPANY OF OTHER CLASS AND RELATED MATTERS From: 2023-11-01 - To: 0000-00-00 47. Conversion of status of private company into a single-member company and vice-versa- (1) A private company may be converted into a single-member company with prior approval of the Commission in writing by passing a special resolution in this behalf by the private company amending its memorandum and articles of association, in such a manner that they include the provisions relating to a single-member company in the articles and complying with all the requirements as may be specified. (2) On an application for change in status of a company under sub-section (1), if the Commission is satisfied that the company is entitled to be §o converted, such conversion shall be allowed by an order in writing. (3) A copy of the order, confirming the conversion under sub-section (2), duly certified by an authorised officer of the Commission shall be forwarded to the company and to the registrar within seven days from the date of the order. (4) A copy of the memorandum and articles of association as altered pursuant to the order under…