Pvt Ltd. Company to Public Ltd. Company
- Ideal for raising capital from market
- For large sized business
- Simple & Secure Online Process
- Dedicated Professional
- Get Conversion in 15-20 Days
- Get Post Incorporation Assistance
Get Quote Instantly in a Minute
Introduction
In order to diversify the business on large scale it is better to convert private limited company to Public Limited Company. The main benefit of Public Company is that it is easy to raise funds on a large scale basis without approaching banking system and thereby reducing debts while in case of Private Limited Companies all the reserves are raised through the existing members or shareholders and promoters as it is managed privately. Though the chances of risk increase when a Private company goes public among its shareholders. If Public companies once raise funds through IPO, get an indirect promotion and the support through the stock exchange websites where their stocks are listed.
Firm Registration has a team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to Company formation and conversion process.You may get in touch with our team on call or email info@firmregistration.in for Conversation of Private Limited company to Public Limited Company.
Advantages of Conversion of Pvt Ltd. Company to Public Ltd. Company
Documents Required for Conversion
- MOA of the company
- AOA of the company
- List of Shareholders and directors
Minimum Requirements
- Minimum three persons as Director and maximum fifteen
- Digital Signatures of any one Director
- Minimum seven persons as Members
- No Minimum Capital requirement.
- Minimum one Director shall be Indian resident
- DIN for all the directors
Process of Conversion of Pvt Ltd. Company to Public Ltd. Company
1. Complete the Application Form
2. Document Processing
3. Filing of Forms
4. Get Certificate of Incorporation
Key Insights on Conversion of Pvt Ltd. Company to Public Ltd. Company
- A public company can convert itself into a private company by altering the memorandum and articles of association and by passing special resolution by the company in the Extra Ordinary General Meeting.
- The name of the company shall be amended and the word "Private" shall be excluded.
- The company needs to maintain the minimum criteria of minimum 3 directors and 7 members.
- The company should not have defaulted in filing of Annual Returns and Financials Statements and not defaulted in repayment of debentures or matured deposits.
- After the process of conversion, the new name of the company shall be printed on all the stationaries, outside the office building, and inform all the authorities like Banks, Income Tax Departments, Utility Service Providers, and any other authorities.
FAQs on Private Limited to Public Limited Company Conversion
Minimum three Directors and Seven Members agreeing to subscribe the shares of the Company.
Yes, the above person can become a Director post obtaining Director Identification Number. However, one Director should be Indian Resident.
Yes, for Indian nationals becoming a Director in a Company it is mandatory to have a PAN Card and Passport in case of Foreign Nationals.
Yes, a Director can also become a shareholder and vice versa as a Company is a Separate Legal Entity.
There is absolutely no minimum capital required but generally people prefer and are advised to incorporate the same with a minimum capital of Rs. 5 Lacs.
As per Companies Act, 2013 it is compulsory to have an individual as an Auditor of a Company. The first Auditor shall be appointed within 30 days from the date of Incorporation by the Board of Directors.