Check-List of Conversion of Public Company to a Private Company:
Section 14 of the Companies Act, 2013 read with Rule 41 of the Companies Incorporation Rules | ||||
Dates | ||||
S No. | Particulars | Action Particulars | Time Limit | |
1 | Board Meeting | Approval for Conversion | X-28 | 21/11/2022 |
Alteration of MOA & AOA | ||||
Fixing time and Date of EGM | ||||
2 | Extra Ordinary General Meeting | Approval for Conversion | X | 19/12/2022 |
Alteration of MOA & AOA | ||||
File MGT-14 within 30 days from the EGM | X+10 | 28/12/2022 | ||
The Gap between EGM and RD-1 shall not exceed 60 days | ||||
3 | Board Meeting | Authority to file the Application in Form RD-1 | X+10 | 28/12/2022 |
The gap between RD-1 and BM shall not exceed 30 days | ||||
4 | List of Creditors | The list of Creditors shall not be older than 30 days from the date of filing of RD-1 | X+10 | 28/12/2022 |
5 | Notice to Creditors | Serve by RPAD, individual notice to eachCreditor of the company at least 21 clear days notice | X+11 | 29/12/2022 |
6 | Notice to Registrar and Regional Director | Serve by RPAD, notice to the Regional Director and Registrar and to other regulatory body if any, clear 21 days notice. | X+11 | 29/12/2022 |
7 | Newspaper Advertisemwent Form 25A | 1. Gap between 25A and RD-1 should not be less than 21 days | X+11 | 29/12/2022 |
8 | Filing RD-1 | 1. Within 60 days from the Date of EGM, 2. within 30 days from the List of Creditors. 3. After 26days from the date of 25 , Individual notice RPAD to Creditors, and RPAD to RD and ROC | X+37 | |
9 | Filing of INC-28 | within 15 days from the date of reciept of approval | O+3 | |