(1) For effecting the conversion of a private company into a public company or vice versa, the application shall be filed in Form No.INC.27 with fee.
1[(2) Subject to the provision of sub-rule (1), for effecting the conversion of a public company into a private company, a copy of order of the Tribunal approving the alteration , shall be filled with the Registrar in Form No. INC -27 with fee together with the printed copy of altered articles within fifteen days from the date of receipt of the order from the Tribunal.]
Explanation.- For the purposes of this sub-rule, the term “competent authority” means, the Central Government.
Amendment
1. Substituted by Notification Companies (Incorporation) fourth Amendment Rules, 2016 Dated 1st October, 2016.
In rule 33, for sub-rule (2),
(2) A copy of order of the competent authority approving the alteration, shall be filed with the Registrar in Form No. INC -27 with fee together with the printed copy of the altered articles within fifteen days of the receipt of the order from the Central Government.
the following shall be substituted namely :-
(2) Subject to the provision of sub-rule (1), for effecting the conversion of a public company into a private company, a copy of order of the Tribunal approving the alteration , shall be filled with the Registrar in Form No. INC-27 with fee together with the printed copy of altered articles within fifteen days from the date of receipt of the order from the Tribunal.