02-17-2005, 01:57 AM
AOA
No private company shall be converted into single member company unless, under the authoruty of special resolution, it makes necessary changes in its articles and it gets approval from commission.
The company shall apply to the commission in the prescribed form for conversion within 30 days of passing of special resolution. If the commission is satisfied it shall pass an order to that effect. The company then transfer its shares within 15 days of order of commission to the single member.
Hope you have got ur answers.
No private company shall be converted into single member company unless, under the authoruty of special resolution, it makes necessary changes in its articles and it gets approval from commission.
The company shall apply to the commission in the prescribed form for conversion within 30 days of passing of special resolution. If the commission is satisfied it shall pass an order to that effect. The company then transfer its shares within 15 days of order of commission to the single member.
Hope you have got ur answers.
