Many businesses in India opt to convert from a public company to a private limited company to enjoy greater operational flexibility, reduced compliance requirements, and better decision-making authority. The Companies Act, 2013 governs the conversion process, which requires approval from shareholders and regulatory authorities.

Key Benefits of Converting a Public Company to a Private Limited Company
✅ Fewer Compliance Requirements – A private limited company faces fewer statutory obligations than a public company.
✅ Better Control & Decision-Making – Ownership remains limited, ensuring quicker decisions and operational efficiency.
✅ No Minimum Capital Requirement – The conversion allows businesses to function without capital restrictions.
✅ Exemption from Certain SEBI Regulations – No obligations related to public shareholding, listing requirements, and disclosures.

Step-by-Step Procedure for Conversion
1. Board Meeting & Approval
Conduct a Board Meeting to approve the conversion.

Pass a resolution to call an Extra-Ordinary General Meeting (EGM).

2. Shareholder Approval via Special Resolution
Convene an EGM and pass a Special Resolution with at least 75% majority.

File MGT-14 with the Registrar of Companies (ROC) within 30 days.

3. Application to the National Company Law Tribunal (NCLT) or ROC
Prepare a detailed application for conversion.

Submit Form RD-1 and necessary documents to the ROC.

4. Regulatory Approvals & NOC from Creditors
Obtain a No Objection Certificate (NOC) from creditors and stakeholders.

Receive approval from ROC or NCLT based on jurisdiction.

5. Issuance of Fresh Certificate of Incorporation
Once approved, the ROC issues a new Certificate of Incorporation, finalizing the conversion.

Why Choose Corpzo for Seamless Business Conversion?
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For a hassle-free public-to-private company conversion, contact Corpzo today! Visit www.corpzo.com for expert guidance.

Brand Name:- CorpZo
Address:- G 10, Sector 63, Noida, India, 201301,
Email:- [email protected],
Phone:- +91 9999 139 391,
Web Address:- https://www.corpzo.com