Which of the following statements are true in context of a company under Company Act, 2013?
1. The minimum capitals are necessary, both in case of private and public companies.
2. A public company can be converted into a private company by passing a special resolution.
3. A private company must alter its article by passing a special resolution to convert into public company.

A. 1 and 2

B. 2 and 3

C. 1 and 3

D. 1, 2 and 3

Answer: Option B