A Public Company can choose to convert itself into a private company. In such a case, it should pass a special resolution to alter its Articles suitably to incorporate the provisions of a private company. In other words, the Articles should be modified so as to include provisions relating to:
Within 3 months of passing the special resolution to alter its articles, the company should seek the permission of the Central Government.
Once the government gives approval, the company must file a copy of the altered articles with the Registrar of Companies. The Registrar shall issue the required certificate of incorporation duly changing its name by adding the word ‘Private’.
Documents Required for Conversion