Rule 39 The Companies (Incorporation) Rules, 2014
Conversion of a company limited by guarantee into a company limited by shares (1) A company other than a company registered under section 25 of the Companies Act, 1956 or section 8 of the Companies Act, 2013 may convert itself into a company limited by shares. (2) The company seeking conversion shall have a share capital equivalent to the guarantee amount. […]
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