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Conversion to a Private Company

Querist : Anonymous (Querist) 21 January 2011 This query is : Resolved 
Is the consent of the statutory auditor required in the course of the conversion of a public company to a private company ?

What about consent from banks if limits sanctioned by the Banks but no balance outstanding ?
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Querist : Anonymous (Querist) 21 January 2011
I didn't get the answer.
Manish Singh (Expert) 21 January 2011
No need to get auditor's approval.
Consent from creditors must be procured.

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