Q.A public company wishing to convert itself into a private company must, in addition to passing a special resolution altering its Articles, also obtain the approval of:
(A) The Reserve Bank of India
(B) The Tribunal (NCLT)
(C) The Institute of Chartered Accountants of India
(D) No further approval is needed once the special resolution is passed

Converting public to private restricts rights (like free transferability) the public previously relied on, so the Act layers an extra Tribunal approval on top of the special resolution.

Section 14 requires that, in addition to the special resolution altering the Articles, a public company converting into a private company must obtain the approval of the Tribunal (National Company Law Tribunal). This is a deliberate extra safeguard, since the conversion restricts free transferability and other public-company protections that outsiders (creditors, potential investors) may have relied upon.

Option-by-option analysis:

• (A) Incorrect — RBI approval is not the relevant requirement for this kind of corporate conversion.
• (B) Correct — Tribunal approval is specifically required by Section 14 for this conversion. …