Section 14 — Alteration of articles

(1) Subject to the provisions of this Act and the conditions contained in
its memorandum, if any, a company may, by a special resolution, alter its articles including alterations
having the effect of conversion of—
(a) a private company into a public company; or
(b) a public company into a private company:
Provided that where a company being a private company alters its articles in such a manner that they
no longer include the restrictions and limitations which are required to be included in the articles of a private

company under this Act, the company shall, as from the date of such alteration, cease to be a private
company:
1[Provided further that any alteration having the effect of conversion of a public company into a private
company shall not valid unless it its approved by an order of the Central Government on an application
made in such form and manner as may be prescribed:
Provided also that any application pending before the Tribunal, as on the date of commencement of the
Companies (amendment) Act, 2019, shall be disposed of by the Tribunal in accordance with the provisions
applicable to it before such commencement.]
(2) Ev ery alteration of the articles under this section and a copy of the order of the 2[Central
Government] approving the alteration as per sub-section (1) shall be filed with the Registrar, together with
a printed copy of the altered articles, within a period of fifteen days in such manner as may be prescribed,
who shall register the same.
(3) Any alteration of the articles registered under sub-section (2) shall, subject to the provisions of this