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Reconversion into private company in the event of shareholding getting reduced to less than 25 per cent of paid‑up share capital and average annual turnover falling below Rs. 1 crore

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..... No. 32/21/75‑CL‑III, Dated:- 20-10-1975 Circular - Circulars - Companies Law - Letter : No. 32/21/75 ‑ CL ‑ III, dated 20 ‑ 10 ‑ 1975. Subject:- Recon .....

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..... ction (2) of section 43A within the stipulated period of 3 months. On the private company s disposing of the shares of the public company so as to reduce the percentage of its holding to less than 25 .....

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