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Under the Companies Act, 2013, approval for conversion of public company into private company is…

The proviso to s.14(1) requires the Central Government's approval "on an application made in such form and manner as may be prescribed". A board resolution or an agreement…

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Under the Companies Act, 2013, approval for conversion of public company into private company is granted on:

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Correct answer B

The proviso to s.14(1) requires the Central Government's approval "on an application made in such form and manner as may be prescribed". A board resolution or an agreement among members cannot replace this formal application, and the conversion also needs a special resolution.

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