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Public to Private Company

Public To Private Company

Public limited company can be converted into a private company by complying the provisions of section 18 of Companies Act, 2013. The private company has less compliances as compared to a public company. Hence, leads to greater control in the company.


  1. Report on AGM is not required.
  2. The control of the company is in the hands of the owner
  3. The private company can grant loans without taking prior approval from the Central government.

Procedure for Conversion

  1. Convene board meeting
  2. Hold General meeting to pass the special resolution for conversion of public company into private company and consent for alteration in memorandum and articles of association.
  3. File MGT-14 to ROC within 30 days from passing the special resolution.
  4. File RD-1 within 60 days of passing the special resolution to the Regional Director with required documents.
  5. Advertisement in INC-25A in a vernacular newspaper and in English newspaper.
  6. If the RD approves, then file INC-28 with the said order with ROC within 30 days from date of passing such order. 

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